Abbey cuts its buy to let mortgage rates by 1.04%.
Abbey has announced its buy to let mortgage rates have been by cut by over 1.0% In addition as well as reducing its rates it is also launching a new 2 year fixed rate range.
Abbey advise a new 2 year fixed rate is now on offer for 60% loan to value at 2.79% with a £995 mortgage fee.
Smaller deposit home buyers have not been forgotten, for 90% loan to value Abbey has launched a 2 year fix at 5.69% with a £495 mortgage arrangement fee.
With this new 10% deposit deal Abbey offers its homebuyer solution, which includes £250 cashback and a free property valuation.
As well as reducing buy to let mortgage rates by 1.04%, Abbey has reduced its residential mortgage rates by 0.75%.
For remortgaging customers a 2 year fixed 70% loan to value deal is available at 3.29% fee free, and a 3 year rate is offered for new purchase at 3.09% with a 2.5% fee.
Buy to let mortgage rates are available for 75% loan to value at a rate of 4.15% and a rate of 3.69% is offered for 60% loan to value.
An Abbey spokesperson commented saying the lender is supporting borrowers through offering significant rate cuts, adding that it is expecting high demand for its new range of products.
For a competitive offer call Deal Direct.
