Abbey cuts mortgage rates again

Abbey is reducing the rates on some of its two and three-year fixed rate and tracker deals by up to 0.10 per cent. This follows the cut on Friday of Abbey's two and three-year deals by between 0.10 and 0.15 per cent.

These cuts mean that a two-year tracker at 75 per cent LTV now starts from 5.89 per cent with £995 fee and two and three-year fixed rate products, both with and without free legals and valuation, now start from 6.19 per cent with £995 fee.

Abbey has also introduced a range of low fee mortgage deals for people wanting to borrow £150,000 or less. These deals start at the same rate as the core deals - 6.19 per cent - but have a lower fee of £549.

Abbey's Head of Mortgages, Phil Cliff, commented: "Market movements and our mortgage strength allow us to make these further rate reductions to benefit our customers."

For more information, visit abbey.com