Abbey cuts fixed rates by up to 1.10%

Abbey for Intermediaries is cutting rates on a range of its two, three, four and five-year fixed mortgage products by up to 1.10%.

It is also launching a new three-year fix at 70% LTV at 3.19% with no fee.

On two-year fix products:

  • Rate reduced by 0.84% on two-year fix at 90% LTV for homebuyers, now 5.35% with a £495 fee
  • Rate reduced by 0.40% on two-year fix at 80% LTV for homebuyers and remortgagers, now 3.19% with a £995 fee
  • Rate reduced by 0.24% on two-year fix at 85% LTV for homebuyers and remortgagers, now 3.95% with a £995 fee
  • Rate reduced by 0.20% on two-year fix at 60% LTV for homebuyers and remortgagers, now 2.69% with a £495 fee
  • Rate reduced by up to 0.20% on two-year fix at 75% LTV range for homebuyers and remortgagers, now 2.79% with a £995 fee
  • Rate reduced by 0.04% on two-year fix at 70% LTV for homebuyers and remortgagers, now 2.65% with a £995 fee

On three-year fix products:

  • New three-year fix at 70% LTV for homebuyers and remortgagers, at 3.19% with no fee
  • Rate reduced by 0.30% on three-year fix at 75% LTV for homebuyers and remortgagers, now 3.55% with no fee
  • Rate reduced by 0.60% on three-year fix at 85% LTV for homebuyers, now 4.09% with a £495 fee

On four-year fix products:

  • Rate reduced by 0.10% on four-year fix at 70% LTV for homebuyers and remortgagers, now 3.49% with a £995 fee
  • Rate reduced by 1.10% on four-year fix at 85% LTV for first-time buyers now 4.29% with a £495 fee

On five-year fix products:

  • Rate reduced by 0.14% on five-year fix at 70% LTV for homebuyers and remortgagers, now 3.65% with a £995 fee
  • Rate reduced by 0.10% on five-year fix at 75% LTV for homebuyers and remortgagers, now 3.89% with a £995 fee
  • Rate reduced by 0.94% on five-year fix at 85% LTV for homebuyers, now 4.75% with a £995 fee
  • Rate reduced by 0.24% on five-year fix at 90% LTV for homebuyers, now 5.75% with a £495 fee – a first-time buyer exclusive.

All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

Miguel Sard, managing director of Abbey for Intermediaries, says: “We are pleased to support the intermediary market with these latest rate cuts of up to 1.10%. We are continuing to see strong demand for fixed rate deals and we expect our latest rate cuts to be very well received by borrowers looking for the peace of mind of a fantastic fixed rate mortgage.

“We are committed to offering intermediaries and their clients great products and service, and we also continue to offer the best priced flexi offset product in the market, with a market leading rate of 2.95%.”