22 Jan

Lender unveils new mortgage products

Lender unveils new mortgage products

Abbey has unveiled a series of new tracker and fixed-rate mortgage deals.

The bank is offering a range of three-year tracker options starting from 3.99 per cent, with a fee of £1,495 and a maximum loan-to-value (LTV) of 75 per cent.

In addition to this, the highest amount Abbey will lend on a 75 per cent LTV trackers is rising from £250,000 to £350,000.

A reduction of up to 0.25 per cent on fixed-rate deals for two, three and five years has also been announced, with a new ten-year deal being introduced at 5.24 per cent and a 75 per cent LTV for a £995 fee.

Such fixed deals can help consumers "to fix in at a low rate and guarantee certainty of their monthly payments", commented director of Abbey Mortgages Nici Audhlam-Gardiner.

Another lender to offer new fixed-rate deals this week was Leeds Building Society.

It has introduced five-year deals at 4.99 per cent for a 75 per cent LTV and 5.49 per cent for up to 85 per cent LTV.

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