They are also cutting rates significantly to offer a competitive 85 per cent mortgage for first time buyers and home movers.
The new rates are as follows:
4.29 per cent with a £995 fee for 60 per cent LTV, two year fixed rate
4.49 per cent with a £995 fee for 75 per cent LTV, two year fixed rate
5.84 per cent with a £995 fee for 85 per cent LTV core and homebuyer, three year fixed rate
Yet again, Abbey is one of the first in the market in relaunching its 2-year tracker mortgages, they say. The headline rates, which are reducing by up to 0.9 per cent, are as follows:
3.99 per cent with a £1,995 fee for 60 per cent LTV
4.29 per cent with a £995 fee for 60 per cent LTV
4.24 per cent with a £1,499 fee at 75 per cent LTV
Nici Audhlam-Gardiner, Abbey Mortgage Director commented: "In 2008, Abbey has written one in four mortgages and continues to offer very competitive deals, demonstrating that we have, and continue to be, open for business. This is the first time since 2004 that we have offered rates at levels below four per cent. We now offer market leading trackers and fixed rates, including some very competitive rates for lower deposit customers."
