Abbey to cut rates by up to 0.4%
Share
Abbey for Intermediaries is to reduce its four-year fixed rate deals by up to 0.4% later this week.
The latest rates include a four-year fixed rate at 4.49% with a £994 fee at up to 70% LTV available for purchases and remortgages.
No fee options include a four-year fixed rate deal at 4.99% at up to 75% LTV for purchases, and another four-year fixed rate deal at 5.29% at up to 75% LTV for remortgages.
Abbey for Intermediaries has also reduced the fee on its two-year tracker at 4.74% by £500 to £495.
The product is available at a maximum LTV of 85%.
Ricky Okey, managing director at Abbey for Intermediaries, says: “Our latest rate reductions mean that brokers can now offer their clients a more competitive range of four-year fixes, ideal for borrowers looking for the peace of mind provided by a longer term fix.
“Those borrowers wanting the flexibility of a tracker rate, meanwhile, can take advantage of the reduced fee available on our two-year tracker.”
Readers' comments (2)
Anonymous | 10 Mar 2010 4:30 pm
It's about time they cut their SVR - that would have a big impact
Unsuitable or offensive? Report this comment
SJ | 10 Mar 2010 7:53 pm
What we need is a range at 80% there is such a big differential between 75%-85%!
Unsuitable or offensive? Report this comment