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News: Abbey gives first buyer boost

Abbey has announced the launch of two new mortgage deals aimed at first time buyers - a 2 year tracker from 4.74% and a 5 year fixed rate from 5.34%.

Both products offer the option of having a free valuation and テつ£250 cashback and carry a maximum LTV of 97%. The 2-year tracker has a fee of テつ£499 (テつ£399 for the 5-year 5.34% fix). Meanwhile, corresponding rates for first time buyers opting to have help with valuation fees work out to 4.99% and 5.44% respectively.

Other loans being made available on November 23rd include a number of facilities pitched at customers buying a new build property.

Maximum LTV here is 60% - the 2-year fix charging 4.69% (4.89% for those looking to remortgage).

Also available is a 2-year tracker charging 4.34% and with a テつ£499 fee (4.44% + テつ£699 for those remortgaging). Borrowers opting for a free valuation (worth up to テつ£1,100) will be charged 4.54%.

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