Abbey has cut its two year rate for remortgage customers by 0.35% to 4.74%.
It has also reduced the some of its trackers rates, with its two year fixed rates reduced by 0.05%, its two year tracker at 75% LTV reduced by 0.10%, and its five year fixed rates reduced by 0.10%.
Lal Tawney, head of mortgage marketing at Abbey, says: “For people that want to remortgage to Abbey, our two year fixed rate has been slashed by 0.35% to 4.74%. This rate offers borrowers free valuation and legal fees, making the whole deal a very attractive package. Weve also taken this opportunity to trim some of our tracker rates, which were already some of the best rates in the market, to make them even more competitive.