Abbey cuts fees on its flexible deals

Abbey is reducing the fee on all its flexible mortgages by £1,000 to £1,499.

Abbey's flexible mortgages allow people to offset their savings as well as make overpayments, underpayments and take payment holidays. Starting from 6.43 per cent at 75 per cent loan to value, the fee change makes the flexible deals look very competitive.
Phil Cliff, Abbey Director of Mortgages, said: "The strength of Abbey's mortgage business - backed by Santander - allows us to consistently offer customers good mortgage deals."

Last week, Abbey cut rates on its range of tracker mortgages. Two, three and five-year trackers with the mortgage lender start from 6.04 per cent with 999 GBP fee.