Abbey announces its fixed mortgage rates are to increase.

The trend for keeping rates low is beginning to reverse as lenders such as NatWest and Abbey start to hike their fixed rate mortgage pricing.

Various products within Abbey's mortgage range are set to get more expensive. With this proposed rate increase the writing could be on the wall for cheap deals market-wide.

With this in mind you could be better off getting yourself locked into a cheap deal while you still can.

At the beginning of the month Abbey  increased its rates as follows , and now rates are to go even higher.

For home-buyers and remortgaging home-owners.

• A 2 year fix for 70% LTV is now 2.69% fee free.
• A 3 year fix for 70% LTV is now 2.19% with a 2.5% booking fee.
• A 5 year fix for 70% LTV is now 3.19% with a £995 booking fee.

As soon as its latest rate increase is known we will advise, however we have heard the rate hike could be significant.

Also in addition to increasing certain fixed rates, the lender also withdrew several products from its range earlier in the month making fewer mortgages available.

Get yourself a cheap deal while low rates remain on offer.

If you would like to find a competitive mortgage, now is the time before more lenders hike rates to fall in line with those who already have.

For an independent and impartial mortgage comparison call us at Deal Direct. We pride ourselves on find the very best offers for our clients.

We can  review every lenders range on your behalf to source the mortgage which works out most affordable.

For impartial advice and a low rate quote call one of our advisers today.

Speak to us on 0800 048 8828 or make an online comparison by clicking below.