The new deals will have the same price but by increasing the LTV, will be accessible to more borrowers.
The rates are as follows:
Term * LTV * Rate * Fee * Max loan size * Benefits
2-year (remortgage) * 70% * 3.65% * £995 * £1m * Free legals and free valuation
3-year (purchase and remortgage) * 70% * 4.14% * £995 * £1m * Remortgage: Free legals and free valuation - Purchase: Free valuation and £250 cashback on completion
5-year (purchase and remortgage) * 70% * 4.69% * £995 * £1m * Free valuation and £250 cashback on completion - Purchase: Free valuation and £250 cashback on completion
Nici Audhlam-Gardiner, Abbey Director of Mortgages, commented: "At Abbey we are committed to offering our customers the best possible deals. To help those looking to purchase or move home, we have increased the LTVs on all our fixed rate mortgages that were previously available at 60 per cent LTV to 70 per cent LTV, enabling more borrowers to benefit from our most competitive rates on offer. Such great rates won't be around for long, so borrowers looking to take out a fixed rate to guarantee certainty of their monthly payment should take advantage now."
For loyal Abbey customers looking to remortgage, Abbey is offering a 2.95 per cent 2-year fix with a £599 fee at 70 per cent LTV.
