Abbey is reducing interest rate on two and three-year fixed rate mortgage with homebuyer solution to 5.89%, and rate on five-year fixed rate deals with remortgage solution to 5.79%. It is also reducing the rate of 15-year fixed rate deal core product to 5.64%. Abbey is also increasing rates on its tracker products by 0.1% to reflect market movements and to maintain its competitive position.
Nici Gardiner, head of mortagages at Abbey, said: Customers looking to fix during this uncertain period will benefit from a 0.1% cut in rates on a number of our most popular fixed rate products. Our long term fixes are looking extremely competitive with 10 or 15-year deals starting from as little as 5.64%.
Our range also has a number of other attractive products, including our recently launched Fix and Flex product which allows people to fix for the first six or 12 months then revert to a flexible mortgage at just 0.49% above base for the life of the deal.
