Tag: Abbey

Abbey launches four-year fix at 5.99%

Abbey launches four-year fix at 5.99%

Abbey is offering a new four-year fixed-rate mortgage with a maximum 85% loan-to-value (LTV) ratio at a rate of 5.99%. The deal is available at Abbey branches or by telephone, for both house purchasers and remortagers. A £995 fee applies and the Homebuyer Solution comes with a free valuation and £250 cashback on completion, whereas […]

July 18, 2009 More
Santander rebrands commercial banking units

Santander rebrands commercial banking units

The commercial banking wings of Abbey and Alliance & Leicester were yesterday renamed under the Santander brand. Santander-owned Abbey UK Corporate Banking and Alliance & Leicester Commercial Bank were rebranded Santander Corporate Banking. A total of 20 regional corporate banking centres will undergo the name change this year, including centres in Birmingham, Cardiff, Glasgow, Hull, […]

July 2, 2009 More
Fixed rates begin their ascent

Fixed rates begin their ascent

The much forecast rise in fixed rates is well underway with Abbey announcing that it has put up the cost of its fixed-rate mortgages by between 0.25% and 0.5%. Lloyds banking group has also increased the cost of some fixed-rate deals via its Cheltenham & Gloucester and Halifax brands. The lenders are following a trend […]

June 16, 2009 More
Santander rebrands Abbey credit cards

Santander rebrands Abbey credit cards

Abbey credit cards will be rebranded under the name of Santander, Abbey’s parent company, from next week. The rebrand follows last month’s announcement that the UK’s three Santander-owned banks, Abbey, Bradford & Bingley, and Alliance & Leicester, will next year merge into a single bank and adopt the Santander global brand and name. All new […]

June 12, 2009 More
Abbey launches 3.2% business bond

Abbey launches 3.2% business bond

Abbey is offering business customers a fixed interest rate of 3.2% on its 12 month Fixed Rate Business Bond, maturing 1 July 2010. The Santander-owned bank has also extended the offer period for its 9 month Fixed Rate Business Bond, paying 2.8% interest and maturing 1 April 2010. Both bonds are available to businesses with […]

June 5, 2009 More
Homeowners look to fix as enthusiasm for SVRs wanes

Homeowners look to fix as enthusiasm for SVRs wanes

Britons appear confident that the Bank of England’s base rate has bottomed out at 0.5% and are therefore favouring fixed-rate mortgage deals. According to Abbey’s mortgage index, last month 60% of homeowners preferred the idea of a fixed-rate home loan, on the basis that it could offer protection from future rate rises. The figures compares […]

June 3, 2009 More
Santander to rebrand Abbey, A&L and B&B

Santander to rebrand Abbey, A&L and B&B

In a move which will cost £12 million, Santander is to re-name its UK High Street banks: Abbey, Alliance & Leicester (A&L) and Bradford & Bingley (B&B). According to Santander, the move is aimed at saving £180 million from integrating the three banks. The move would also allow the UK business to use the “expertise […]

May 27, 2009 More
Holidaymakers spend £73m on unnecessary currency fees

Holidaymakers spend £73m on unnecessary currency fees

Brits taking their summer holiday abroad this year will spend £73 million on debit and credit card fees, it emerged this week. Research by Abbey Credit Cards found that British holidaymakers pay an average of 3% in conversion fees every time they use an overseas ATM or spend money on their card in a foreign […]

May 26, 2009 More
Abbey relaunches ‘fee-free’ Zero credit card

Abbey relaunches ‘fee-free’ Zero credit card

Abbey yesterday relaunched its Zero credit card, providing fee-free currency exchange and cash advances. The card is the only one currently available that offers these services for no fee. In addition, the Abbey Zero offers 0% interest on balance transfers for 12 months, and on purchases for three months. Roger Lovering, managing director of Abbey […]

May 12, 2009 More
Santander launches 4.01% fixed-rate bond

Santander launches 4.01% fixed-rate bond

Santander’s UK banks have launched a new two year fixed-rate bond paying interest at 4.01% gross p.a./AER. Minimum deposit is £30,000, and maximum deposit is £2 million. The bond is available in store from branches of Abbey, Bradford & Bingley, and Alliance & Leicester. Reza Attar-Zadeh, director of savings and investments at Santander UK, said […]

May 7, 2009 More
Fixed-rate mortgages popular with homeowners

Fixed-rate mortgages popular with homeowners

Fixed-rate mortgages are set to grow in popularity because the base rate was held rather than cut last month, Abbey claimed this week. Research by the mortgage lender found that the number of people who believe the base rate has fallen as low as it will go has doubled in the past month. Meanwhile, the […]

May 1, 2009 More
Interest on Abbey mortgages lowest for 10 years

Interest on Abbey mortgages lowest for 10 years

Abbey has launched a new range of fixed-rate mortgage products which it claims are the best it has offered in a decade. The Santander-owned bank said interest rates on three of its new mortgages are the lowest in ten years. Available at a maximum 75% loan-to-value (LTV), the new products include a 3-year fix at […]

Brits embrace ‘no frills’ lifestyle

Brits embrace ‘no frills’ lifestyle

Credit crunched Brits are embracing a ‘no frills’ lifestyle in an effort to cut costs, new research has discovered. A study by Abbey found that six in ten (58%) UK consumers are more likely to fill their shopping trolleys with no frills products compared to a year ago. Flashy purchases are shunned as a waste […]

HSBC tops customer service league

HSBC tops customer service league

HSBC is the best high street bank for customer service, according to mystery shopper research by Prophet. The innovation strategy consultants found that of the ten banks surveyed, only HSBC and Citi offer a customer experience ‘above expectations’. Barclays came in third place behind HSBC and Citi, providing a customer experience that met expectations. Lloyds […]

April 22, 2009 More
Abbey: Invest a lump sum to maximise ISA returns

Abbey: Invest a lump sum to maximise ISA returns

Savvy savers should invest as much as possible in their individual savings account (ISA) to maximise their interest payments for the year, Abbey Savings said this week. Last year, only a third of savers earned the maximum possible interest by depositing all their savings in a lump sum at the beginning of the tax year. […]

April 9, 2009 More
Cahoot launches 4.01% fixed-rate bond

Cahoot launches 4.01% fixed-rate bond

Internet-bank Cahoot has launched a new two year fixed-rate bond paying interest at 4.01% gross/AER. Customers must deposit at least £30,000 into the bond, whilst the maximum investment is £2 million. The rate almost matches ICICI’s market leading offer of 4.18% interest, and is significantly higher than the average instant access savings rate of 0.63%. […]

March 23, 2009 More
Brits ‘needlessly’ pay £9bn in credit card interest

Brits ‘needlessly’ pay £9bn in credit card interest

Credit card holders in the UK are needlessly paying out over £9 billion in interest payments every year. Research by Abbey credit cards found that many card holders are paying interest on their credit balance when they could save significant money by switching to an interest free credit card. Seven in ten (69%) Brits have […]

March 16, 2009 More
Abbey launches ‘market leading’ credit card

Abbey launches ‘market leading’ credit card

Abbey launched a new ‘market leading’ credit card this week. The reissued Abbey Credit Card now offers 0% interest on balance transfers for 15 months and on purchases for three months. Interest after the introductory period rises to 15.9% APR. Abbey said it decided to release the card as a way of helping people better […]

March 6, 2009 More
Abbey’s new instant access saver pays 3%

Abbey’s new instant access saver pays 3%

Abbey has launched a new issue of its instant access saver account, paying interest at 3% gross/AER. This is equivalent to 2.4% after tax. It should be noted that the 3% rate includes a 1.5% bonus for the first 12 months. Savers can invest anything from £1,000 to £2 million, and can make an unlimited […]

March 4, 2009 More