Abbey brings fixed rates in line

Changes will take effect on Monday 26 November and are as follows:

• Three-year fixed rate products are now the same price as two-year fixes at 5.72 per cent with £999 fee
• 10-year and 15-year products are now available at five-year rates of 5.74 per cent with £999 fee
• A new three-year fixed rate range of BTL products has been introduced from 5.99 per cent

Ricky Okey of Abbey for Intermediaries, said: “Demand is up for three-year fixes and that’s why we have made the price look even more competitive. It is ideal for brokers whose clients are looking for a longer period of certainty on their payments. We’ve also done the same with our 10 and 15-year products, bringing them down to five-year prices.”

“Within the existing range, our Fix and Flex product continues to perform well with brokers. The option to fix for 6 or 12 months to ride out the current uncertainty in the market, and then revert to Abbey’s Flexible Plus deal combines the best of both worlds. At 6.09 per cent, and with no early redemption penalties, it offers great value for money.”