More mortgage rate cuts from Abbey

From tomorrow, (Tuesday 12 August) Abbey is reducing the rates on its 5-year fixed products by 0.30 per cent. In addition, all 3-year tracker products at 75 per cent LTV are reducing by 0.1 per cent with rates now starting from 5.89 per cent. Abbey is also reducing the fees on its 2 and 3-year fixes at 5.98 per cent. The 2-year fix fee is reducing by £500 to £995 and 3-year fix by £400 to £1,295.

Phil Cliff, Abbey Mortgage Director commented: "This is the second time in two weeks that we have cut rates and now we're cutting fees as well to offer customers a great deal. This follows our announcement of our strong performance in the mortgage market for the first half of the year."