Money News

Cheap mortgages for Abbey customers

Abbey is rewarding existing customers with special low mortgage rates and fee-free deals.

Abbey (www.abbey.com) is offering its existing current account customers lower mortgage rates than it is offering new customers on its main range.

Customers who have held a current account with Abbey or Alliance & Leicester for at least six months can now benefit from new fee-free deals, including the following:

• 2-year fixed-rate mortgage at 3.89% up to 75% loan-to-value (LTV)
• 3-year fixed-rate mortgage at 5.99% up to 90% LTV (purchases only)
• 3-year tracker mortgage at 2.99% up to 75% LTV

Nici Audhlam-Gardiner, director of mortgages at Abbey, said: “We’ve already seen a lot of interest for these deals – around 25% of our sales in the branches are to existing current account customers who are taking advantage of these great offers.”

Chris Eagle, commercial manager at Creditchoices.co.uk, said: “If you are an Abbey or Alliance & Leicester customer, and are looking for a new mortgage deal, it’s definitely worth getting a quote to see what they can offer you.”

“However, be sure to compare this against other mortgages available, to ensure you get the best deal.”