Abbey lowers it long term fixed rates

Abbey’s five-year fixed core and re-mortgage products at 75 per cent Loan to Value (LTV) are being lowered by 0.10 per cent to 5.79 per cent, with the booking fee falling by over £500 from £1,499 to £995.

Phil Cliff, Abbey Mortgages, commented: “Customers looking to secure their mortgage repayments at a competitive rate for longer periods can benefit from the very competitive five-year fixed rate mortgage at 5.79 per cent. To make these mortgages even more accessible we have also lowered our booking fees by over £500.”

Following competitive movements last week, Abbey’s two and three year fixed re-mortgage products at 60 per cent LTV will see the maximum loan size increase from £250k to £350k and will see rates raised by 0.15 per cent. We have also raised the rates on our short-term two and three year fixed rate mortgages by up to 0.15 per cent.