Changes to Abbey’s mortgage range
Highlights include:
- New best-buy 5 year capped rate - 4.99%
- Several variable tracker products reduced by 0.05%
Gary Hockey-Morley, Abbey’s Director of Mortgages, said, “Our new five year capped rate mortgage offers borrowers longer-term security and a best-buy rate. Borrowers on this deal will never pay more than 4.99%, which means that their monthly payments will start low and stay low.”
Abbey’s new mortgage deals are available from 27 June 2005:
Capped rate deals:
Term Maximum LTV Rate Fee
5 years 95% 4.99% £399
Tracker rate deals:
For people who want a variable tracker rate and help with valuation and legal fees (remortgage only) the following deals are available:
Term Maximum LTV Rate Fee
2 years 75% 4.94% £499
2 years 95% 5.04% £499
Stepped Tracker Deals:
For people who want a stepped variable tracker rate and help with valuation and legal fees the following deals are available*:
Term Maximum LTV Rate Fee
3 years 95% 4.79%Yr 1 £0
5.29% Yr 2
5.79% Yr 3
3 years 95% 4.24% Yr 1 £499
5.14% Yr 2
6.04% Yr 3
Also still available are Abbey’s fixed, stepped fixed, flexible, discount and cashback mortgages, as well as existing range of tracker and stepped tracker mortgages without benefits package.
