Abbey cuts rates

The range, which launched on 23 April, covers all upfront costs for home movers, including valuation, booking and even legal fees.

The rates are:

No extended tie in With 18 month tie-in

2-year tracker 5.76% 4.50%

2-year fix 6.04% 5.34%

5-year fix 6.02% 5.69%

Plus a 3-year fixed rate with extended tie-in at 5.49% has been added to the range. The 2-year trackers with extended tie-in and non tie-in have been cut by 0.89% and 0.92% respectively.

Nici Audhlam Gardiner, Abbey head of mortgages, said: “In a rising interest rate environment where many providers are pulling their cheapest deals, today’s rate cuts on this range make it extremely competitive. With no booking fee, no valuation fee and no legal fees, these products offer exceptional value to any mover and cannot be matched. We are in a position to offer these deals to customers for a limited time only. We would urge customers to take advantage of these deals before our offer period ends.”