Abbey cuts mortgage rates

Abbey is reducing the rates by up to 0.20% on a number of its 75 per cent loan-to-value fixed rate and tracker mortgage deals.

It is also adding two market-leading 10-year fixed rate deals to the range.

An Abbey spokesperson said: "Abbey's strength in the mortgage market allows us to continue to offer competitive deals."

Details of Abbey's 75% LTV range:

2-year trackers - from 6.04% (deals in this range have come down by up to 0.20%)
3-year trackers - from 6.09% (deals in this range have come down by up to 0.10%)
2-year fix - from 6.44% (deals in this range have come down by up to 0.14%)
3-year fix - from 6.44% (deals in this range have come down by up to 0.20%)
5-year fix - from 6.49% (deals in this range have come down by up to 0.11%)
10-year fix - from 6.25% - new range of deals introduced

Abbey also has a range of flexible deals, a 5-year tracker and deals available for up to 85% and 95% LTV.