Abbey rewards loyalty with lower rates

Existing Abbey and Alliance & Leicester current account customers who have held their account for more than six months will be entitled to benefit from new deals available in branch or on the telephone for a limited period only.

The range, which includes fee-free trackers and fixed-rate deals and an offset mortgage, offers both remortgage and purchase products with added benefits such as a free survey, help with legal fees and a free valuation.

The lower rates are available through both Abbey and Alliance & Leicester branches and on the telephone are as follows:

Fixed:

  • 3.89%, 2-year fix , 75% LTV for purchase and remortgage
  • 4.99%, 4-year fix, 75% LTV for purchase and remortgage
  • 5.99%, 3-year fix , 90% LTV for purchase only
Trackers:

2.99%, 3-year, 75% LTV for purchase and remortgage

Offset:

3.25% plus, 75% LTV for purchase and remortgage and a £995 fee

Nici Audhlam-Gardiner, director of mortgages at Abbey, said: "This is great news for our existing current account customers, whether they're looking to remortgage or purchase a new home, they can now take advantage of more affordable offers. We've already seen a lot of interests for these deals - around 25% of our sales in the branches are to existing current account customers who are taking advantage of these great offers."