First time buyer exclusive LTV launched by Abbey

Abbey has launched an exclusive 85 per cent first time buyer LTV.

The three-year fixed rate mortgage is available at 5.69 per cent with a £495 fee. Borrowers are also offered free basic mortgage valuation and £250 cashback on completion.

Rates on some of Abbey's fixed and tracker products have also been reduced by up to 0.2 per cent.

This reduction includes a two-year fixed rate at 3.25 per cent up to 70 per cent LTV. It was previously at 3.45 per cent.

The two-year tracker at 70 per cent LTV has also been reduced from 2.69 per cent to 2.59 per cent.

“Our latest rate cuts demonstrate our ongoing commitment to supporting intermediaries by consistently offering highly competitive mortgages to help them meet the needs of their clients," Alan Mathewson, managing director of Abbey for Intermediaries, said.

Santander recently announced new three and five-year fixed and two-year tracker products available to existing current account and investment customers.
 

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2010-12-02 16:27:13 © Moneyextra.com