Abbey launches tracker at 2.69%
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Abbey has launched a two-year tracker at 2.69% and cut other tracker deals by up to 0.3%.
The product is available at 70% LTV with a £995 booking fee and free legal fees and valuation.
The lender has also cut its home buyer two-year tracker by 0.25% to 2.94%, available up to 75% LTV and with a £995 booking fee, and cut its remortgage two-year tracker by 0.3% to 2.99% with the same £995 booking fee.
Abbey has also launched a five-year fixed rate deal for purchases at 5.49%, 75% LTV, and a £799 booking fee.
Ricky Okey, managing director of Abbey for Intermediaries, says: “As competition starts to return to the market, we will aim to ensure that we continually keep our rates under review to ensure that we offer intermediaries competitive products across our mortgage range.”
Separately Abbey and Alliance & Leicester have launched a range of products through their direct channel.
These include a three-year fixed deal at 90% LTV with a rate of 5.99% and a £495 fee, including a free valuation and £250 cashback on completion.
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Readers' comments (4)
Paul Gallagher | 27 Nov 2009 10:25 am
How much better is thier 90% direct deal to anything we have access to ?
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Ketan Yadav - Avenue & Co Private Finance | 27 Nov 2009 10:28 am
Abbey have had a 3 yr tracker deal at 2.69% for over a week now which is proving very popular with clients as it has a free valuation (basic), only £999 lender fee and £250 cashback on completion. This is better than Barclays offset deal and A&L have a 2.59% Tracker deal also, but the arrangement fee is high at £1,495.
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Anonymous | 27 Nov 2009 3:23 pm
Abbey could have the best products available, BUT, until they sort out the processing, how could you introduce any business to them.
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Anonymous | 27 Nov 2009 6:31 pm
How can you compare a pure tracker to an Offset deal? Anyway Barclays offer a 2.27%+base -2.77% for life! Surely better value than a short term deal?
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