The two-year tracker mortgage, set at 4.19% is available to all new Abbey customers. An attractive remortgage solution is also available on a two-year variable tracker deal at a rate of 4.49%. The new deals each offer the option to add the arrangement fee (£499) to the loan or pay it up front.
Abbey is also introducing the Home Buyer Solution- a package of benefits to help customers with the cost of moving. This allows first time buyers and home movers to take advantage of free valuation and legal fees. A similar benefits package is offered for remortgage customers .
Abbey has also made changes to help simplify the range by removing the 90% loan to value (LTV) lending band. All rates traditionally based on 90% LTV will now be lifted to cover 95% LTV. The 75% LTV band remains unchanged.
Ambrose McGinn, Director of Abbey for Intermediaries, said: “The new tracker rates we’ve introduced are very impressive and I’m sure they will appeal to a wide range of borrowers.
“However, it is just as important that advisers draw customers’ attention to the additional benefits on offer. The Remortgage Solution and Home Buyer Solution each add great value to the already competitive rates. I am confident that intermediaries can find a product package that fits the needs of their clients in this new range.”
The competitive new tracker rates and benefits packages are part of a number of changes to Abbey’s Mortgage Choices range. The Remortgage Solution and Home Mover Solution are available throughout the Choices range.
Intermediaries can access Abbey’s on-line rate bulletin by registering for Introducer Internet and visiting www.introducers.abbeynational.co.uk.
