Abbey cuts rates

This follows the cut on Friday of Abbey’s two and three-year deals by between 0.10 and 0.15 per cent.

These cuts mean that a two-year tracker at 75% LTV now starts from 5.89% with £999 fee and two and three-year fixed rate products, both with and without free legals and valuation, now start from 6.19% with £995 fee.

Abbey has also introduced a range of low fee mortgage deals for people wanting to borrow £150,000 or less. These deals start at the same rate as the core deals - 6.19% - but have a lower fee of £549.