Further lending options offered by Abbey - Loans - News - Moneyfacts


Further lending options offered by Abbey

Further lending options offered by Abbey

Category: Loans

Updated: 11/12/2008
First Published: 09/12/2008

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Abbey has become the latest lender to offer a number of new financing options for homeowners following the Bank of England's base rate cuts.

This follows a recent announcement by Lloyds TSB and subsidiary Cheltenham & Gloucester that it is to offer new lending options.

According to Abbey, its two-year fixed-rate mortgages offer market leading interest rates.

It has cut the interest by 0.6 per cent on its fixed mortgage deals and by 0.9 per cent on its new tracker mortgage offers.

Furthermore, Abbey has launched a three-year fixed mortgage with a rate of 5.84 per cent at 85 per cent loan-to-value, which it says is suitable for first-time buyers.

Abbey mortgage director Nici Audhlam-Gardiner stated: "This is the first time since 2004 that we have offered rates at levels below four per cent."

Meanwhile, Nationwide has announced that it is to overhaul its unsecured loan pricing, with rates now based on borrowers' personal circumstances.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Regulator to take closer look at high-cost credit

When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done.

The payday loan market is still broken

The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done.

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…