The core five-year fixed rate deal available through brokers is now available at a rate of 5.85 per cent with a £589 fee, and the remortgage option, which includes free legals and free valuation, is now 5.98 per cent with £589 fee.
Reductions of 0.1 per cent on Abbey’s two-year fixed rate deals has seen the core rate reduce to 5.72 per cent with £999 fee, or an alternative of 5.59 per cent with a £1,499 fee. All are available for up to 90 per cent LTV.
Nici Audhlam Gardiner, Abbey head of mortgages, said: "'We know that, as the market rate uncertainty continues, a fixed rate remains the preferred option for the majority of customers.
“Because of that we have further dropped our two and five-year fixed rates accordingly. What's more, we know more people are opting for five-year fixes or longer, and what with the government announcing their support for longer term deals, now is a good time to consider fixing for the medium to long term."
