Abbey launches new 90% LTV deal
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Abbey for Intermediaries has today launched a new 90% LTV deal.
The two-year fix has a rate of 6.19% with a £599 fee, available with the Homebuyer Solution.
It has also reduced the fee on its three-year fix at 90% LTV to £495.
The product has a rate of 6.89% and also comes with the Homebuyer Solution, which offers borrowers a free basic mortgage valuation and £250 cashback on completion.
Alan Mathewson, managing director of Abbey for Intermediaries, says: “We are committed to supporting the housing market and first-time buyers, and expect there to be strong demand from intermediaries and their clients for this highly competitive new deal.
’Borrowers looking to take advantage of a longer-term fixed rate will also be able to benefit from the £500 fee reduction on our three-year fix.”
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Readers' comments (4)
chris gardner | 4 Feb 2011 4:35 pm
Its great to see the dual priced gap closing - well done abbey.
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Anonymous | 4 Feb 2011 4:37 pm
How is the release of a mortgage with an interest rate of over 6% considered to be news? terrible deal when you consider the base rate.
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Anonymous | 7 Feb 2011 9:01 am
Does all news have to be good then, anon?
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Anonymous | 7 Feb 2011 10:27 am
Can Mortgage Strategy please publish an article giving brief details of how lenders raise money in order to stop ill informed ridiculous comments like the one above regarding base rate and mortgage rates.
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