Abbey announces latest fixed rate mortgage offerings

Available from today, Abbey is launching updates to existing mortgage range including a five-year fixed rate stepped mortgage across all channels and a two-year tracker through its direct channels.

Five-Year Fixed Rate Stepped

The five year fixed-rate stepped product has a low first year rate of just 2.99 per cent that increases in the second and third years to 6.2 per cent and 6.35 per cent in years four and five. It has an application fee of £799.

Two-Year Tracker

The application fee on the Abbey two year tracker (5.19 per cent) has been reduced by £300 to £499

The changes do not affect rates for existing customers.