Abbey to launch 1.99% seven-day special

Abbey is launching another seven-day special in the form of a 1.99 per cent two-year fixed rate up to 60 per cent LTV.

From Friday, key account holders will have until close of business on 2 April to submit their applications for the offer.

The maximum loan size is £1m, for remortgagers or purchasers, and the fee is £1,495.

Abbey’s last seven-day special – a 2.99 per cent five-year fix up to 60 per cent LTV – ended today.

Abbey managing director Miguel Sard says: “For our latest seven day special, we are again offering a market leading rate of 1.99 per cent with the added benefits of our Homebuyer or Remortgage Solution.  This rate is available through all our Key Accounts, homebuyers and remortgagers for seven days, which because of the Easter bank holidays, will be close of business on Tuesday 2 April, so intermediaries and their clients need to act fast to secure this deal.”

Trinity Financial head of communications Aaron Strutt says: “I hope we have a few more of these 1.99 per cent deals as they are a great idea, Abbey are certainly promoting a decent mortgage rate and taking advantage of the current mortgage hype.”