Highlights include:
*All Abbey Flexible Plus mortgages now offer help towards valuation and legal fees
*Flexible Plus ‘Deal for Life’ now available at 4.99 per cent
*Standard Flexible Plus available at 5.25 per cent with a low fee of £199
Lal Tawney, Abbey's head of mortgage marketing said: "We’ve cut the rates on two of our Flexible Plus products and the whole range now offers very attractive rates. Flexible Plus offers borrowers the opportunity to offset savings against borrowings and comes with the added bonus of overpayments, underpayments and payment holidays. This is the perfect option for borrowers that don’t want to have to keep remortgaging every two or three years or tie themselves into a potentially expensive fixed rate.”
Abbey’s new Flexible Plus mortgages are available from 24 October 2005:
Flexible Plus deals – all mortgages offer help with valuation and legal fees*:
Term 6 months
Maximum LTV 90 per cent
Rate 4.24 per cent (discount)
Fee £499
Term - Life of the mortgage
Maximum LTV - 90 per cent
Rate - 4.99 per cent (Base plus 0.49 per cent)
Fee - £599
Term - Life of the mortgage
Maximum LTV - 90 per cent
Rate - 5.25 per cent (Base plus 0.75 per cent)
Fee - £199
Also still available are Abbey’s competitive fixed, tracker, flexible, cashback and capped rate mortgages
*For remortgage customers - free valuation for mortgage purposes (max £1,110) and free legal fees. For home-buyers - free valuation for mortgage purposes (max £1,100) and £250 cashback issued on completion.
