Abbey launches new fixed and tracker rate mortgages

The Abbey mortgage range now gives people the choice of an upfront deal for two, three or five years.

Set-up fees for the new rates can be added to the mortgage, helping to keep upfront costs to a minimum.

Fixed rate

Three-year fixed rate of 4.84 per cent, up to 90 per cent loan to value, which means customers will pay £5.75 for every £1,000 borrowed1. The booking fee is £499, which can be added to the mortgage.

Variable tracker rate2

Three-year tracker rate 3.94 per cent, up to 75 per cent loan to value, which means customers will pay £5.25 for every £1,000 borrowed1. The arrangement fee is £399, which can be added to the mortgage.

Ambrose McGinn, Director, Abbey for Intermediaries, said: " Whether it's longer-term security against any future increases in the Bank of England base rate3, or the benefit of reduced payments in the early years of the mortgage, we expect our new competitive rates to meet the needs of many homebuyers."

For more information on Abbey's mortgage range, intermediaries can visit www.abbeyforintermediaries.com.