Abbey reprices fixed rates

Abbey has repriced its fixed rates with two-year fixed rates from 5.49% through its intermediary arm.

Five-year fixed rates are now available from 6.14% through all channels.

Nici Audhlam-Gardiner, head of mortgages at Abbey, says: “These recent rate changes are in line with the market and Abbey remains competitive, especially in the broker market.

“The changes today are due to the increase in swap rates. However, our 100% mortgage for first-time buyers, which we launched last week remains static at 6.99% for the no fee option and 6.35% for the £495 fee option.”