Abbey is the 6th biggest bank and the 2nd largest provider of mortgages and savings in the UK (as at September 2006). Since 2004, Abbey has been part of the Santander Group, the 7th largest bank in the world by profit.
Abbey Mortgages can be some of the most cost efficient on the market.
The Abbey Flexible Mortgage allows you to do more or less what you like; make over-payments and save on interest, or take payment holidays. The Abbey Fixed Rate Mortgage is available in 2, 5 and 10 year options.
The Abbey Tracker Mortgage gives you low mortgage payments or cash back in the early years, while the Abbey Buy To Let Mortgage is available in 3 and 5 year fixed and tracker options.
To get advice & no obligation quotes on mortgages being offered by Abbey, fill out the form below to contact an impartial mortgage advisor. You can also receive quotes from other lenders and get expert advice on mortgages & remortgaging at the same time.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
By submitting this form you are consenting to your information being passed to an associate of Okoza who may contact you. This information may be used by us or selected partners to advise you of other useful products or services that we feel you would be interested in. Our service is free to you but to operate this service we receive fees from the lenders or brokers we refer you to. There may be a fee for mortgage advice. The adviser is obliged to disclose to you the fee before providing the advice and the precise amount will depend upon your circumstances. We estimate that a typical fee will be 1% of the sum you borrow..
Depending on the type of mortgage you choose, you could benefit from these incentives from Abbey:
- No booking fees
- A free valuation (up to a property value of £2.5m)
- Great rates from only 5% deposit (3% for First Time Buyers)
- £250 towards your legal fees (you'll only ever have to pay this back if you pay off your mortgage in the first two years).
- Cashback options
We also recommend you to have a look at Cahoot Loans. Cahoot, Abbey's Internet bank, offers Cahoot flexible loans for those who would rather utilise the credit card method of borrowing and Cahoot Fixed Loan if you like to plan your borrowing.
If you prefer to know exactly what amount of money is coming out your account every month, then a fixed loan with Abbey Personal Loan could be the ideal product.
You can also find additional information in Abbey's page:
www.abbey.com. This page doesn't have much information but you can still
call them for mortgage enquiries or information: 0800 389 9890.
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News & Articles: |
- Abbey lowers their fixed rate mortgage: Borrowers seeking a fixed rate mortgage
should look to Abbey who have just lowered their interest rates. Abbey has made
reductions of up to 0.21% in the interest rates on its fixed rate mortgages. A key
reduction is the one made to its 2-year fixed homebuyer mortgage, which comes with
a fixed rate of 6.19% and a booking fee of £499. Head of mortgages at Abbey, Nici
Audhlam-Gardiner, said: "We are committed to ensuring that Abbey's fixed-rate mortgages
continue to be among the most competitive rates in the market”. Two-year fixed-rate
products are the most popular products in the Abbey range.
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Subprime mortgage lender goes under: Subprime mortgage lender
goes under Victoria Mortgages, a mortgage provider that specialises in mortgages
to subprime borrowers with poor credit histories, yesterday became the first British
lender to fall victim to the credit crunch which is currently affecting the world’s
finance markets...
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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%.
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Tesco enter the mortgage market: Tesco have entered the mortgage
market by offering their Clubcard holders a number of mortgage products. In conjunction
with Saffron Building Society, Tesco’s are offering a two-year tracker mortgage
set at 0.26% below the Bank of England’s base rate. After the first two years, the
mortgage then tracks at 0.95% above the base rate, thus giving an APR of 6.7%. This
compares with 6.5% APR for Abbey’s ‘Flexible Plus’ Tracker...
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Abbey Mortgages identifies hike in FTB loans : Abbey has
revealed that the average mortgage taken out by first-time buyers (FTBs) has almost
doubled in the last 4 years. They say that the average mortgage taken out by those
trying to get on the property ladder is now £130,000; back in 2003 the average was
£75,000...
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Abbey Mortgages: 67% wary of 25-year loans: Abbey Mortgages
has claimed that Government plans to introduce long-term fixed-rate mortgages would
not appeal to most borrowers. Surveying over 1,000 people, the bank revealed that
only 23% said they would consider a 25-year mortgage. Of the remainder, 54% said
that that they wouldn't opt for such a mortgage, while 23% were unsure...
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Sub-5.75% mortgage launched: Leeds Building Society has
introduced a 3-year fixed rate mortgage giving a rate below the current Bank of
England base rate of 5.75%. Its aim is to compete strongly against some of the bigger
mortgage lenders such as Abbey...
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Mortgage burden now at record level: The burden of taking
out a mortgage has now reached record levels, according to The Council of Mortgage
Lenders (CML). In May, first-time buyers had to borrow 3.37 times their incomes
to pay for a mortgage while other mortgage consumers had to borrow 3.03 times...
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Huge surge in Offset mortgages: The number of offset mortgages
has surged in the past year, according to the Council of Mortgage Lenders (CML).
Offset mortgages originated in Australia and came to the UK in the mid 1990s and
when introduced to the UK, they initially proved popular as they were heavily marketed
by banks and building societies like Abbey.
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No change in interest rates for now: Interest rates have
been kept at their current rate of 5.5% but the Bank of England is expected to increase
them again in coming months...
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Overpay mortgage: Homeowners with variable rate mortgages
will have suffered as Abbey Mortgage are poised to make adjustments to their policies
but with 76% of borrowers holding fixed rate mortgages...
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Payment shock for fixed rate mortgages:
Concern has been raised regarding the plight of the thousands of borrowers with
fixed rate mortgages whose deals are coming to an end. Companies who offer fixed
rate mortgages span (virtually) the entire market place and include Northern Rock,
Mortgage Express, Barclays and Abbey.
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Lifetime mortgage? – seek advice:
According to over-50s group Saga, Britons should seek professional advice before
taking out a lifetime mortgage from any of the major mortgage companies e.g. Barclays
and Abbey Mortgages...
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Abbey mortgage makes homebuying process simpler: In order to make the homebuying process simpler, Abbey has introduced a mortgage without upfront fees...
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HSBC mortgages are 'best value': For the 6th year consecutively, HSBC mortgages have been deemed to be some of the best on the market. What Mortgage magazine named HSBC the best value national bank in terms of mortgage provision...
- Abbey National launches new products with no upfront costs: Abbey mortgages has announced its new product with no upfront costs for home movers. Savings in fees are estimated to be in the range of £2,000...
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Alliance & Leicester "excellent" fixed rate mortgages: Alliance & Leicester has announced that it has reduced the interest rate on all of its fixed-rate mortgages... (compare here
abbey national fixed rate mortgages)
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Mortgage borrowers wake up: Intelligent Finance state that mortgage borrowers are finally becoming aware of the benefits of paying off their mortgage early...
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Buy-to-let mortgages attract young investors: Many mortgage providers such as Abbey National are finding that more young people are investing in property for the sole purpose of renting it out..
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0 carbon homes exempt from stamp duty according to the Budget
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Mortgage Application fees double
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Abbey Mortgage Range improved
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Brits 'not benefiting' from Abbey Isas
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