Abbey cuts fixed and tracker rates

The new fixed rates are as follows:

2-year fixed rates:

3.99 per cent with a £995 fee for 60 per cent LTV

4.29 per cent with a £995 fee for 75 per cent LTV

3.99 per cent with a £1,995 fee for 75 per cent LTV

3-year fixed rates:

4.39 per cent with a £995 fee for 60 per cent LTV

4.69 per cent with a £995 fee for 75 per cent LTV

5-year fixed rates (remortgage options shown):

4.99 per cent with a £995 fee for 75 per cent LTV

Abbey is also reducing its 2-year trackers from Wednesday. The rates are as follows:

3.69 per cent with a £1,995 fee for 60 per cent LTV

3.89 per cent with a £995 fee for 60 per cent LTV

4.04 per cent with a £1,499 fee at 75 per cent LTV

Nici Audhlam-Gardiner, Abbey Mortgage Director commented: “In 2009, Abbey remains open for business. We have launched market-leading fixed rate products at 2, 3 and 5 years, allowing people to fix in at a low rate to guarantee certainty of their monthly payments, and we have also reduced trackers across our entire range.”

For more information log on to www.abbeyforintermediaries.com .