Abbey is cutting rates by up to 0.5 per cent on all its 3-year fixed-rate mortgages from 60 to 75% loan to value from 21 November.

Last week, Abbey reduced the rate on its 2-year fixed-rate mortgages to 4.4% with a £995 fee for 60 % LTV and 4.79% with a £995 fee for 75% LTV.

The new rates 3-year rates are as follows:

4.99 per cent with a £995 fee for 60 per cent LTV
5.04 per cent with a £1,499 fee for 70 per cent LTV
5.24 per cent with a £995 fee for 75 per cent LTV
5.39 per cent with a £549 fee for 75 per cent LTV (up to a maximum of £150,000)

“We now have a range of very competitive fixed-rate mortgages, allowing customers to lock into market-leading rates for two and three years. We know from our customers that competitive rates and gaining longer-term certainty of their monthly payment is most important,” said Nici Audhlam-Gardiner, Abbey Mortgage Director.

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