Abbey extends 'best buy' mortgage range

Wednesday, 18 November 2009 12:00

Abbey has launched a new two-year fixed-rate mortgage which it is hailing as its latest 'best buy' deal for borrowers.

The mortgage, which has a rate of 3.69 per cent, comes with a £799 fee for purchase and remortgage and is available for customers who need to borrow 70 per cent of their property's value.

Nici Audhlam-Gardiner, director of mortgages at Abbey, said: "We continue to offer our customers compelling deals on both fixed and tracker rates.

"Throughout 2009, we have remained strong in the mortgage market and achieved an estimated 20.5 per cent gross market share in the third quarter."

The new deal is the latest addition to Abbey's 'best buy' mortgage range, which include a two-year tracker deal with a 2.69 per cent rate and £995 fee for loan-to-value (LTV) rates of 70 per cent.

There is also a fee-free two-year fixed-rate deal which charges 4.39 per cent interest for LTVs of 75 per cent.

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