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Find a remortgage with mortgage lender's new range
Mon, 05 Sep 2005
Scores of homeowners are expected to start looking to find a remortgage in the coming months, when their two-year mortgage deals expire.

Mortgage rates were at the lowest level in a decade in 2003, but people holding those mortgages may face a price shock when they have to start paying the current mortgage rates .

Realising that many people will be looking to find a remortgage that still offers them low mortgage rates, Abbey has launched a mortgage range aimed specifically at remortgagers .

The mortgage lender launched two new mortgages offering competitive mortgage rates at a loan to value of 60 per cent.

The one mortgage offers a fixed mortgage rate of 4.39 per cent. The other is a tracker mortgage offering a rate of 4.24 per cent. Fees of £399 and £699 apply to these mortgages, and fees can be added to the mortgage.

Lal Tawney, Abbey's head of mortgage marketing said that homeowners coming to the end of a cheap fixed mortgage rate deal will find excellent new deals on offer from Abbey.

"We have cut rates, reduced fees and introduced two attractive new lower loan to value products, ideal for people in the remortgage market," he said.

"Remortgaging is easy to do and could result in a significant monthly saving ."

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