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Buy to Let

Abbey reduces mortgage rates

Julia Rampen
Written By:
Julia Rampen
Posted:
Updated:
02/04/2013

Abbey for Intermediaries is reducing rates on deals across its residential and buy-to-let range from Wednesday.

Residential deals include a two-year fixed rate 80% loan-to-value mortgage at 3.24% and a two-year tracker 75% LTV mortgage with a rate of 2.79%. Both products include a £995 fee.

Abbey has also reduced rates on its two-year fixed rate and tracker 60% LTV buy-to-let mortgages.

In addition, the intermediary lender is introducing a range of products for existing customers including a two-year fixed rate 75% LTV mortgage at 2.74%.

Sales director Brad Fordham said: “We are delighted to enhance our mortgage offering with rate reductions across both our residential and buy-to-let range, and a new suite of loyalty deals for existing customers who are moving home or have a current account with Santander.

“Following on from the success of our seven day specials and as we enter what is traditionally a busy season for the housing market, we are delighted to support our intermediary partners with these fantastic rates and great products.”