Abbey launch new mortgage products

Abbey are launching a range of mortgages exclusively available to existing Santander Current Account customers that offer either a reduced rate or fee compared to our standard new

Related topics:  Mortgages
Millie Dyson
27th January 2011
Mortgages
Abbey are launching the following new 2 year products:
 
- Fixed rate First Time Buyer, 85% LTV, with a competitive rate of 4.99% and a £495 fee

- Fixed rate Core, 60% LTV, 2.99% with a £995 fee

- Tracker Homebuyer Plus, 70% LTV, 2.59% (BBR + 2.09%) with a £995 fee

Following feedback from intermediaries they are also extending our large loan percentage booking fee products by launching two new remortgage products as follows:
 
- 2 year Fixed rate, 70% LTV, 3.24% with a 0.40% fee, maximum loan size £2m

- 2 year Tracker, 70% LTV, 2.85% (BBR + 2.35%) with a 0.40% fee, maximum loan size £2m

Abbey are also withdrawing the following products:

 
- 2 year Fixed Core product, 70% LTV, 2.89% with a £995 fee

- 3 year Fixed rate First Time Buyer product, 85% LTV. 5.69% with a £495 fee

- 3 year Fixed rate Homebuyer Plus product, 85% LTV, 5.69% with a £995 fee

The charge end dates for all Abbey products and the completion deadline dates on Homebuyer and Core products will move on one month. The completion deadline dates on Remortgage products will move on two months. All the fixed rate product codes will be replaced.

Full applications on amended and withdrawn products must be submitted by midnight Thursday 27th January 2011 in order to secure a booking on these products.
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.