Mortgage provider Abbey has launched several new capped and tracker mortgages.
The three deals launched, together with an existing tracker mortgage, differ substantially, so may provide flexibility for potential buyers looking to find a mortgage with the company.
Two new tracker mortgages are available, one of which is a three-year tracker for which the current rate is 4.74 per cent and has no fee, although this is available over the telephone only.
Another tracker mortgage is also available, featuring a current rate of 4.74 per cent if the buyer is willing to pay a £699 fee, or 4.84 per cent with no fee.
This tracker mortgage also offers free valuation and a £250 cashback offer to customers.
The new capped mortgage which the company is offering is a five-year capped rate at 5.45 per cent, which may suit buyers looking to find a mortgage with the added security of a top rate for the term.
Paula Ickinger, product executive at Abbey mortgages and loans, said: "For people moving house or buying for the first time, it may be worth considering a tracker mortgage.
"Abbey’s new three-year tracker is available at the same rate as the equivalent two-year mortgage, and with no fee, there are fewer up-front costs to worry about."
Price comparison company Moneysupermarket recently stated that significant rises in interest rates in the next two years are unlikely.
Abbey launches capped and tracker mortgages
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Abbey launches capped and tracker mortgages
Tue, 13 Jun 2006
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