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Abbey unveils excellent mortgage for FTBs

Abbey unveils excellent mortgage for FTBs

Category: Mortgages

Updated: 18/12/2009
First Published: 29/11/2009

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 It is now over 6 months old so the content may be out of date.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

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 Any products featured may be withdrawn by their provider or changed at any time.