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Abbey National relaunches mortgage range

Abbey National has revised its mortgage range, to goes on sale from November 6 2002.

New deals include a five-year capped rate at 4.94% and a flexible mortgage at 4.69%.

Other existing deals include a five-year fixed rate at 4.75%, a one-year fixed rate flexible mortgage at 4.49%, followed by Bank of England base rate plus a differential, currently 0.75%, and finally two and five-year fixed rates available for buy-to-let re-mortgages at 5.29%.

Customers can choose from upfront deals that revert to Abbey National&#39s 5.94% SVR at the end of the benefit period, or fully flexible mortgages linked to Base Rate. All flexible mortgages allow flexibility from day one, with overpayments, underpayments and payment holidays.

Janet Connor, Abbey National&#39s retail marketing director, says: “We are currently experiencing some of the best mortgage rates for the last 40 years and remaining competitive in this fast moving market is essential. These changes reflect our continuing commitment to keep our mortgages market-leading, and provide choice and great value for every type of buyer and remortgager.”

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