UK-based Abbey, a part of the Santander Group, has announced that it is introducing two new no fee products at a rate of 4.59% up to 75% loan-to value, effective February 27, 2009.
Abbey said that both products are three-year fixes without any fee and have either the Remortgage Solution which includes free valuation and free legals or the Homebuyer Solution which includes free valuation and GBP250 cashback on completion.
Abbey said that it is also reducing the rate on the two- and three-year 60% loan-to-value (LTV) remortgage products. The two-year fix is now 3.84% with a GBP995 fee and the three-year fix at 4.14% with a GBP995 fee.
Abbey added that it has a special limited offer for customers on its two-year tracker with no fee at 4.09% with a 60% LTV.
Nici Audhlam-Gardiner, director of mortgages at Abbey, said: At Abbey, We continue to offer a highly competitive range to meet borrowers’ needs, which we have further improved by cutting rates on our existing two- and three-year fixes at 60% LTV. With so many great fixed rates available from Abbey, now is the time to lock in a low rate and benefit from the security of a fixed rate mortgage.
