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Abbey raises rates on 85% LTV deals

Abbey for Intermediaries is increasing rates on a selection of its 85% LTV mortgage products from tomorrow.

Rates are increasing by up to 0.10%.

A spokeswoman for Abbey for Intermediaries says: “Like all lenders, we constantly review our range in line with market conditions and competitor movements.

“The changes we have made are for new borrowing only and have no impact on existing customers. We are committed to offering a wide range of competitive products to meet borrowers’ needs.”

Last week Abbey increased rates by up to 0.10% on a number of its fixed and tracker products at 60% and 75% LTV.

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Marketwatch – March 2012

It is certainly an interesting time for mortgage pricing as lenders face a challenge in getting their products out at the right cost, without being inundated, while trying to gauge how their competitors will react.

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  • Tom Cleary 9th March 2012 at 1:39 pm

    Abbey are currently recieving around 50% of the business they have targeted for on a daily basis. They will start to loosen up soon. They have to…

  • shock horror 9th March 2012 at 12:48 pm

    I’d rather have an offer is 3 days with guaranteed funds than chasing lenders, 5 days to look at my post and potentially no funds at the end of it. No names mentioned

  • Lee Farrington 8th March 2012 at 3:40 pm

    I had an application offer in 3 business days from Abbey this week !!

    Needless to say the tumbleweed is rolling across the desks up in bonny Scotland’s mortgage processing…..