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Abbey shakes up mortgage rates
Tue, 19 Jul 2005
Abbey has changed its mortgage rates across a range of mortgage products .

The six-month Flexible Plus fixed mortgage rate is now available at 4.29 per cent, down from 4.39 per cent. Another highlight is the new two-year fixed rate mortgage that offers a competitive mortgage rate of 4.74 per cent without booking fee charges .

A new two-year tracker mortgage has been launched, offering a mortgage rate of 4.59 per cent. The mortgage is available at 75 per cent loan to value .

The existing two-year fixed rate mortgage is still available at a loan to value of 95 per cent, offering a mortgage rate of 4.89 per cent.

Neither of these fixed rate mortgages have early repayment charges.

Abbey has increased mortgage rates by 0.10 per cent on all its mortgages over fixed terms of three or five years.

A bigger loan to value proportion is available on the two-year fixed mortgage rate of 4.64. This mortgage now offers a loan to value of 75 per cent, 15 per cent higher than before.

The loan to value of the two-year tracker mortgage has also been increased for 60 per cent to 75 per cent, with a mortgage rate of 4.59 per cent.

The new mortgage range is available from July 20th, in addition to Abbey's existing cashback, capped rate mortgages .

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