Abbey announces new fixed mortgage rates

Abbey has announced new rates on a number of its fixed rate mortgages. These mortgages are available from Wednesday 20 June 2007.

2 year fixes

All channels
90% LTV no fee 2 year fix core 6.19%
90% LTV no fee 2 year fix homebuyer 6.29%
90% LTV no fee 2 year fix remortgage 6.24%

Direct
90% LTV £499 fee 2 year fix core 5.84%
90% LTV £499 fee 2 year fix homebuyer 6.14%
90% LTV £499 fee 2 year fix remortgage 5.94%

5 year fixes

All channels
90% LTV £599 fee 5 year fix core 6.14%
90% LTV £599 fee 5 year fix homebuyer 6.29%
90% LTV £599 fee 5 year fix remortgage 6.19%
95% LTV £599 fee 5 year fix core 6.34%
95% LTV £599 fee 5 year fix homebuyer 6.44%
95% LTV £599 fee 5 year fix remortgage 6.44%

Direct only

90% LTV £599 fee 5 year fix loyal mover 6.24%

Nici Audhlam-Gardiner, Abbey Head of Mortgages, said: "These recent rate changes are in line with the market and Abbey remains competitive. The changes today are due to the increase in swap rates. However our 100 per cent mortgage for first time buyers which we launched last week remains static at 6.99% for the no fee option and 6.35% for the £495 fee option.”