Abbey National mortgage customers look for competitive deals.
Those of you who have had an Abbey National Mortgage in the past may be looking to get a good mortgage deal again.
If your mortgage is also an interest only mortgage then you will no doubt be anxious regarding the Financial Standards Authority's clampdown on this type of mortgage for the future.
House prices in many areas of Britain now appear to be stagnate and have even fallen in some counties. This has led to the fear for a growing number of home owners on interest-only deals, that they could find it difficult to remortgage with a new lender
Many lenders have reduced their loan to value (LTV) criteria on their interest only mortgages to 50%, this is a large reduction from 75% previously offered.
As Abbey National mortgage products are no longer available since their purchase by the Santander Group in 2004, customers will have to search elsewhere for a new mortgage product.
Here at Deal Direct our priority is to find you a competitive and cost effective mortgage deal. We can offer comprehensive advice to those with an interest only mortgage or those on an existing Abbey National mortgage looking to switch.
Deal Direct covers the whole of the mortgage market efficiently and a phone call to us can reap the reward of an outstanding mortgage deal.
Although some of the larger lenders have trimmed their LTV limit for interest only mortgages some of the smaller lenders have not yet followed suit.
Contact us at Deal Direct and our experts can guide you through these mortgage issues and find you a deal to suit your needs.
