Abbey cuts a range of fixed-rates

| October 31, 2008 | 0 Comments
Abbey cuts a range of fixed-rates

Abbey is cutting the cost of its fixed-rate deals with maximum loan-to-value (LTV) ratios of 60% and 75%, by up to 0.35%.

The bank has also upped the maximum loan size on its two-year tracker and fixed-rate loans with a maximum 60% LTV, to £550,000.

From 30th October, two and three-year loans at 60% LTV start at 5.49% plus a £499 fee, a reduction of 0.25%.

Two, three and five-year fixed-rate deals at 75% LTV are down to 5.54% while the rate on a five-year 60% LTV has been cut to 5.49%, and the five year 75% LTV is down to 5.54%. The loans carry a fee of £995.

The lender has also launched a new five-year fixed-rate deal with a maximum 60% LTV at 5.49% and with a fee of £499.

Abbey says it is confident that its new offering will place it near the top of the best buy tables for two, three and five-year fixed-rate deals, with a maximum LTV of 75%.

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