Abbey for Intermediaries cuts fixed-rate mortgage charges

Friday, 16 September 2011 12:44

Abbey for Intermediaries has slashed its fixed-rate mortgage deals by up to 1.10 per cent.

The biggest reduction is on the four-year fixed home loan on a loan-to-value ratio (LTV) of 85 per cent, which is now down to 4.29 per cent with a £495 fee.

Other big moves include the 0.94 per cent off five-year fix at 85 per cent LTV and 0.84 per cent off the interest charged on the two-year fix at 90 per cent LTV.

Miguel Sard, managing director of Abbey for Intermediaries, said: "We are pleased to support the intermediary market with these latest rate cuts of up to 1.10 per cent.

"We are continuing to see strong demand for fixed rate deals and we expect our latest rate cuts to be very well received by borrowers looking for the peace of mind of a fantastic fixed rate mortgage," he continued.

Earlier this week, Abbey for Intermediaries' parent bank Santander announced similar cuts across its range of fixed-rate home loans.

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