Abbey launches four-year fix at 5.99%
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It is also introducing a new fee-free four-year fix for existing current account customers at 4.99%, available up to 75% LTV.
The four-year fix has a fee of £995 and comes with either the Homebuyer Solution or Remortgage Solution.
The Homebuyer Solution offers a free valuation and £250 cashback on completion to purchasers, and the Remortgage Solution offers a free valuation and free legals to remortgagers.
Abbey is also launching a highly competitive four-year fix for existing current account customers with a rate of 4.99% and no fee, which is available up to 75% LTV through branches and over the telephone. The product also comes with either the Homebuyer Solution or Remortgage Solution.
Meanwhile, Alliance & Leicester continues to offer its-year tracker up to 75% LTV, with a rate of 2.95% and a fee of £495, for customers looking for a highly competitive variable deal.
Nici Audhlam-Gardiner, mortgage director at Abbey and Alliance & Leicester, says: "At a time when many borrowers are looking for the peace of mind provided by a fixed rate mortgage, we are delighted to launch a market leading four-year fix available up to 85% LTV through Abbey, and a highly competitive, fee-free four-year fix to reward loyal current account customers. For borrowers looking for an attractive tracker mortgage, Alliance & Leicester continues to offer its best-buy two-year tracker with a great rate of 2.95%."
Abbey has also launched two new products which are available exclusively to staff who work for UK universities sponsored by its Santander Universities programme.
It has launched a three-year fix at 4.59% with a fee of £495, which is available up to 75% LTV for remortgage customers and comes with the Remortgage Solution. A five-year fix with a rate of 5.59% and a fee of £495 is available up to 75% LTV to homebuyers and comes with the Homebuyer Solution.
Both products are available to university staff through the Abbey branch on their respective campus.
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