4.49% fixed rate tops new Abbey range

Abbey National will launch a new mortgage range on August 7 2002, available to first-time buyers, movers and remortgage customers.

Top of the range is a two-year fixed rate of 4.49% for loans up to 95% LTV. The range has no extended tie-ins and no compulsory insurance.

Besides the two year 4.49% deal, best buy fixed rates include a five year 4.99% deal for loans up to 90% LTV.

Best buy discount rates include a two year 3.95% deal for loans up to 75% LTV and a five year 4.05% offer on loans up to 95% LTV/

Janet Connor, director of retail marketing at Abbey National, says: “Our new range includes some of the most competitive deals in the market and is a clear indication of our commitment to providing great quality deals for borrowers. The rates offer a fantastic opportunity for customers whether they are looking for affordable peace of mind or great value upfront discounts.”