22
Jan
Lender unveils new mortgage products
Abbey has unveiled a series of new tracker and fixed-rate mortgage
deals.
The bank is offering a range of three-year tracker options starting
from 3.99 per cent, with a fee of £1,495 and a maximum
loan-to-value (LTV) of 75 per cent.
In addition to this, the highest amount Abbey will lend on a 75 per
cent LTV trackers is rising from £250,000 to
£350,000.
A reduction of up to 0.25 per cent on fixed-rate deals for two,
three and five years has also been announced, with a new ten-year
deal being introduced at 5.24 per cent and a 75 per cent LTV for a
£995 fee.
Such fixed deals can help consumers "to fix in at a low rate and
guarantee certainty of their monthly payments", commented director
of Abbey Mortgages Nici Audhlam-Gardiner.
Another lender to offer new fixed-rate deals this week was Leeds
Building Society.
It has introduced five-year deals at 4.99 per cent for a 75 per
cent LTV and 5.49 per cent for up to 85 per cent LTV.
