In addition, Abbey is extending the maximum loan size on all 75 per cent LTV trackers to £350,000 from £250,000.
Abbey is also reducing the rate on the 75 per cent LTV low loan and 60 per cent LTV large loan mortgages by up to 0.25 per cent as follows:
2-year fixed:
4.39 per cent for 75 per cent LTV with a £549 fee for loans up to £200,000
4.99 per cent for 60 per cent LTV with a £2,499 fee for loans from £550,000 to £2.5m
3-year fixed:
4.79 per cent for 75 per cent LTV with a £549 fee for loans up to £200,000
5-year fixed:
5.09 per cent for 75 per cent LTV with a £549 fee for loans up to £200,000
Just last week, Abbey reduced the rates on its 60 and 75 per cent mortgages as well as announcing further help for homebuyers.
Further help for homebuyers
To help those looking to move home or buy their first house, Abbey has reduced the rate on its market-leading 5-year fix, which is offered at 4.99 per cent with no fee at 75 per cent LTV. This includes a free valuation and £250 cashback.
Abbey is also introducing a new market-leading 10-year fix at 5.24 per cent with a 75 per cent LTV and £995 fee.
Nici Audhlam-Gardiner, Abbey Mortgage Director commented: "In 2009, Abbey is committed to offering a broad range of competitive deals including competitive trackers and market-leading fixed rate products at 2, 3, 5 and now 10 years allowing people to fix in at a low rate and guarantee certainty of their monthly payments."
