Abbey offers new fixed rate mortgage

The Abbey has a new 2 year fixed rate mortgage, also available through Alliance & Leicester.

This new two year mortgage deal has an interest rate of 3.69 per cent, although is only available for those with a maximum of 70 percent loan to value ratio and comes with a £799 arrangement fee, whether the loan is for a remortgage or a new house purchase.

The mortgage is available via the branches or via telephone through Abbey and Alliance & Leicester.

Another two year fixed rate mortgage is available at 4.39 percent for those with 75 percent loan to value, and there is no fee.

There is also a three year deal available at 5.99 percent at 90 percent loan to value.

Nici Audhlam-Gardiner, Director of Mortgages at Abbey said ‘We continue to offer our customers compelling deals on both fixed and tracker rates. Throughout 2009, we have remained strong in the mortgage market and achieved an estimated 20.5 per cent gross market share in the third quarter of 2009.’

Next year, both the Abbey and the Alliance & Leicester, along with the savings section of Bradford & Bingley, will be re-branded under their group name Santander.



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