The new range features a two-year fixed rate deal of 5.04 per cent at 60 per cent LTV with no early redemption charges. Abbey said the deals are aimed at customers who were looking for peace of mind without feeling tied to one lender.
Abbey has also introduced a special five-year remortgage solution at 5.24 per cent, which includes free valuation and legal fees.
The fixed rate range also includes a two-year rate of 4.94 per cent at 75 per cent LTV; a two-year fix of 5.24 per cent at 95 per cent LTV; a five-year fixed rate at 5.64 per cent at 75 per cent LTV, and a five-year fix of 5.74 per cent at 95 per cent LTV. Arrangement fees for all these deals stand at £349.
Abbey for Intermediaries is also continuing to offer 60 per cent LTV mortgages for customers who want lower repayments and can put down a larger deposit.
For loans in this bracket, Abbey offers a two-year variable rate tracker from 4.44 per cent (4.74 per cent including remortgage solution) with an arrangement fee of £499.
Ambrose McGinn, director of Abbey for Intermediaries, said: “We’ve brought our fixed rates right down to help intermediaries whose clients are looking for peace of mind if interest rates rise.
“The added benefit of having no redemption charge on some of these deals also means customers have true flexibility and choice.”
Tom Bland, associate at Savills Private Finance, commented: “Some lenders had obviously reduced their mortgage range before ‘Mortgage Day’ in order to get ready for regulation and will now relaunch products to give them a new start.
“Abbey has some good products here, especially the two-year fix at 4.95 per cent which is available up to £1 million.”
