Abbey has launched a new mortgage that is likely to tick all of the boxes for first time buyers (FTBs).
The fixed rate deal is for FTBs and is available through direct business only. It has a rate of 5.99% to 2.3.13, a fee of £495, a maximum loan-to-value of 90%.
It comes with incentives of free valuation (maximum £1190) in England, Wales, Northern Ireland and the Isle of Man, and a £250 rebate.
This mortgage should be welcomed for FTBs looking to get a foot on the property ladder. Boasting a very reasonable fee and a host of incentives, not to mention a high LTV, this is an excellent all round package.
As such, the mortgage has earned a rare but thoroughly deserved five out of five Moneyfacts stars.
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