Latest News from the whole of the market
Abbey cut fixed-rate range
Wed 7th Oct 09 - 11:44
Abbey, today announced a drop in mortgage rates on some of its range of fixed rates.
The new fixed rate is available through both Abbey and Alliance and Leicester. Two current deals are available:
70 per cent LTV 2 year fix homebuyer product to 3.88 percent, £995 - reduced tax rate of 0.10 percent.
85 percent LTV 3 year fix homebuyer product to 5.88 percent, £995 - tax rate reduced from 0.11 percent.
In addition, for customers wishing to purchase a variable mortgage, a new 70% LTV, two year tracker mortgages 2.94% (& Remortgage homebuyers), with a fee of £ 995 is now available to both Abbey and Alliance & Leicester customers.
Jonathan Smith of North Mortgages said.
"With interest rates historically low many borrowers are seeking to secure to fixed rates now. October is traditionally a popular time of year to buy a house so we expect that these reductions on fixed rate products will help more people find affordable mortgages.
*********************************************************************************************** Source: North Mortgages Ltd - 7th October, 2009 About North Mortgages - http://www.northmortgages.co.uk Established in 2007, North Mortgages has built up a reputation as a whole of market mortgage broker with access to the best deals on the market. North Mortgages has helped thousands of people obtain independent advice on Mortgages and Remortgages in Manchester and the UK. For more information visit www.northmortgages.co.uk or contact the whole of market mortgage brokers now on 08000 949595
