Abbey withdraws final 100% LTV product

Abbey is pulling the market’s last 100% mortgage from tomorrow.

The lender says the move is in line with those of other lenders and is consistent with the current financial climate.

A statement from the lender says: “Abbey is seeing high demand following recent competitor moves. In order to maintain high service levels on the business we write, we are simplifying our mortgage range and repricing in some areas.

“Some of the less popular products are being withdrawn until further notice, including our 100% LTV option, but we still offer a full range of mortgages including short and long-term fixed, tracker and flexible rates. “