Abbey cuts its mortgage rates and fees

Abbey expanded its existing mortgage range, including their reduced broker-only deals.
They have launched two new 2-year tracker mortgage deals:
- The first mortgage is no fee on up to 90% LTV with a rate of 5.99%
- The second is a 'loyal mover' mortgage offers a rate of 5.84% for a £399 fee. However, this is only for current Abbey customers who are looking to remortgage.
In addition, three Abbey mortgages have also seen their seen rates come down due to the recent slump in bank swap rates:
- The 2-year fixed mortgage with a £999 fee has seen its rates reduced to 5.84%
- The 2-year fixed remortgage with the same fee is now at 6.04%.
- The 2-year fixed mortgage with a £1499 fee is now at 5.74%.

All of these Abbey mortgages are only available through brokers.
In addition, the broker-only 2-year fixed tracker mortgage, with a rate of 5.49%, has seen a fee cut to £799 and the direct to consumer 2-year mortgage with a fixed rate of 5.84% is now available with a fee of £499.
Nici Audhlam-Gardiner, head of Abbey Mortgages, says: "Abbey is committed to remaining competitive and these new deals reflect that, given recent downward movements in swap rates".