22 May

Abbey and Nationwide at top of mortgage best-buy table

Abbey and Nationwide at top of mortgage best-buy table

Nationwide and Abbey have come out on top of independent mortgage broker John Charcol's latest best-buy table.

For discount and tracker products, Abbey's base rate tracker mortgage with a rate of 6.02 per cent and a £999 fee topped the list.

Nationwide came out ahead for fixed-rate mortgage products with its two-year deal.

The mortgage has a fixed-rate of 5.95 per cent, which then goes to a rate of 6.49 per cent after the two-year period.

Meanwhile, the Bank of Ireland's 6.49 per cent mortgage, which is fixed until July 31st 2011, is the only fixed-rate product in John Charcol's top ten that does not require a loan-to-value ration of 75 per cent or less.

Abbey released the findings of its report yesterday which showed that the demand for fixed-rate mortgages has grown for the third consecutive month.
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