More cuts to Abbey mortgages

Abbey is announcing further cuts to its mortgage products, as it launches a new three-year deal.

The bank will reduce interest rates on its two-year and three-year fixed mortgages on Monday.

Cuts of up to 0.15 per cent will see deals start from 6.34 per cent for a two-year fix with a £999 fee, while three-year fixed rates will be available with interest starting at 6.29 per cent.

Director of mortgages Phil Cliff says: “Abbey is committed to offering competitive deals and our strength in the mortgage market allows us to do this. What’s more, we’ve added another market leading deal to the range.”

The new three-year product has an interest rate of 5.99 per cent and carries a fee of £1,695.

Recently Abbey cut rates for its tracker deals, as well as reducing the fees it charges on its flexible mortgages.

© Adfero Ltd

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