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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 It is now over 6 months old so the content may be out of date.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.

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