Abbey cuts fixed rates mortgages by up to 0.35 per cent

From Friday 31 October, Abbey is cutting rates on all of its fixed rate deals at 60 and 75 per cent LTV. The move puts Abbey at the top of the best buy tables across all two, three and five year fixed rate deals at 75 per cent LTV and below.

Two and three-year 60 per cent LTV deals cut by 0.25 per cent - both are now 5.49 per cent with £499 fee

Two-year fixed rate deals at 75 per cent LTV cut by 0.35 per cent - now start from 5.54 per cent with £995 fee

Three-year fixed rate deals at 75 per cent LTV cut by 0.30 per cent - now start from 5.54 per cent with £995 fee

Five-year fixed rate deals at 75 per cent LTV cut by 0.25 per cent - now start from 5.54 per cent with £995 fee

New five-year fix at 60 per cent LTV added to the range - 5.49 per cent with £499 fee

In addition, we are holding our competitive tracker rates, and have increased the maximum loan size on our two-year tracker and fixed deals at 60 per cent LTV to £550,000.

Nici Audhlam Gardiner, Director of Abbey Mortgages, comments: "Despite the challenging market conditions our mortgage business has gone from strength to strength as our results showed earlier in the week. This is in large part down to our competitive deals. This week we're cutting rates further on our most popular two, three and five-year fixed rate deals by up to 0.35 per cent."