Network Data launches products funded by Abbey

4.64% 2 Year Stepped Rate Tracker

0.11% below Bank of England in Year 1

0.49% above in Year 2

Reverts to SVR currently 6.75%

No extended tie in

£499 arrangement fee can be added to loan

Includes Remortgage Package

Network Data Ltd will pay 0.25% procuration fee for paper applications and 0.30% for on line applications received that subsequently complete.

George Fleming, Network Data Ltd’s Lender Relationship Manager comments:

“We are very pleased to be able to announce the launch of this competitive product with Abbey. We have seen an increasing demand from our brokers for attractive remortgage products and believe this product will help to satisfy their needs.”

Jeff Scott Head of intermediary Mortgages at Abbey said:

“We are delighted to be able to offer this exclusive to Network Data Limited. With rising interest rates, this product is particularly appealing for remortgage customers ”