Abacus Daily Debt News

Abbey unveils mortgage deals

Abbey has revealed that it is set to launch new mortgage offers on a range of fixed-rate products.

From Friday February 27th, the lender will introduce two new homeowner loans that have no fee attached.

Both are fixed for a period of three years and borrowers can choose from either the ‘homebuyer solution’ option – which includes £250 cashback and free valuation – or the ‘remortgage solution’, which features no charge for valuation or legal costs.

In addition, the bank is cutting the rate on its two and three-year remortgage products that have a maximum loan-to-value of 60 per cent.

"Fixed rates continue to be most popular amongst borrowers looking to guarantee their monthly payments. At Abbey, we continue to offer a highly competitive range to meet borrowers’ needs," commented head of mortgages Nici Audhlam-Gardiner.

It comes after Nationwide lowered rates on its two, three and five-year fixes by up to 0.2 per cent.

By Jamie Price