Abbey launch two new 5 year fixed rate mortgage deals.
Two new 5 year fixed rate mortgage deals have been added to the Abbey range.
Abbey for Intermediaries recently announced the addition of two new 5 year fixed rate mortgage products to its range of 60% loan to value mortgages.
The lender is offering a 5 year fix for new property purchase for 60% loan to value at a rate of 3.99% with a £995 fee. The second deal on offer is a 5 year fix for remortgaging home-owners, with a rate of 4.09% for 60% loan to value with a £995 fee.
Abbey advise that both new products are to come with either their homebuyer or remortgage solution.
The homebuyer solution offers a free standard valuation with £250 cashback on completion, and the remortgage solution offers a free mortgage valuation with either free legal fees or £250 cashback also on completion.
Abbey has announced that it is also increasing the loan to value level offered on a range of existing homebuyer products for between 60% and 70% loan to value.
At the 70% LTV level three 2 year fixed rate deals are on offer at 3.54% with a £995 fee, a rate of 4.04% is offered fee free and for Loyal Movers a rate of 3.94% is offered with no fee. In its 3 year fixed range a rate of 3.44% is offered with a 2.5% fee and 3.94% is offered with a £995 fee.
A spokesperson for Abbey commented saying that the lender is pleased to support intermediaries with the launch of new highly competitive 5 year fixed rate mortgage deals.
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