Abbey launches two year fixed rate mortgage

Abbey launches a new two-year fixed rate mortgage today, exclusively for
intermediaries, at just 4.29%.

The product, which is available to remortgagers only, has a 499 fee that can be added to the loan. Highlights include 75% loan to value, and the remortgage solution package includes free valuation for mortgage purposes (max 1,100) and free legal fees, or 350 cashback issued on completion.

Maximum loan size is 500,000.

Gary Hockey-Morley, director of mortgages at Abbey says: “With so many people reaching the end of their previous fixed rate deals this month, this is a great mortgage to move to. With the recent reduction in the base rate and competitive mortgage deals around, this is a great time to fix an excellent rate for the next two years. “