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Interest rates drop on Abbeys new fixed rate deals

19/12/2007

Abbey Mortgages are dropping interest rates by 0.1% on its fixed rate deals.

The enhanced fixed rate deals are as followed;

2 and 3 year fixed rate mortgage includes homebuyer clarification – this product has dropped to a staggering 5.89%.

Remortgage available on a 5 year fixed rate deal – this product has decreased to 5.79%

A 10 year fixed rate mortgage deal, remortgage and homebuyer clarification – interest rates are down to 5.64% and 5.74%

Abbey Mortgages are also growing their rates on tracker products by 0.1% to return market arrangements and to give new homeowners the best deal possible.

Head of Mortgages at Abbey, Nici Audhlam Gardiner commented: "People looking to fix during this uncertain period will benefit from a 0.1% cut in rates on a number of our most popular fixed rate products.

“Our range also has a number of other attractive products, including our recently launched Fix and Flex product which allows people to fix for the first 6 or 12 months then revert to a flexible mortgage at just 0.49% above.”



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