Abbey announces mortgage rate cuts

  • Story by: Tabatha Bergin
  • Magazine: FTAdviser
  • Published Friday , July 04, 2008

Abbey is reducing its rates on a number of fixed and tracker mortgage deals, effective from 4 July, 2008.

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In its 75 per cent Loan to Value range it is offering two year trackers from 6.04 per cent with deals in this range having come down by up to 0.20 per cent.

Its three year trackers range from 6.09 per cent with deals in this range down by as much as 0.10 per cent.

Abbey says the changes also include two and three year fixed rates from 6.44 per cent, a five year fix from 6.49 per cent and a range of ten year fixed rates from 6.25 per cent.

An Abbey spokesperson said: “Abbey’s strength in the mortgage market allows us to continue to offer competitive deals.”