|
|
| |
| |
Abbey Cuts Mortgage Rates |
|
(7th July 2008)
Abbey has cut the rate of many of its tracker and fixed-rate mortgage deals in an attempt to encourage would-be buyers.
The leading lender is also added two ten-year fixed-rate deals to its mortgage portfolio as the uncertain economic forecast pushes demand for fixed-rate deals up.
Abbey has dropped its two and three-year tracker home loans by 0.2 and 0.1 per cent respectively and has cut the rate of its two, three and five-year fixed-rate mortgages by between 0.11 per cent and 0.20 per cent.
A spokesperson for the lender said: "Abbey's strength in the mortgage market allows us to continue to offer competitive deals."
Research by Defaqto carried out in June showed that the average cost of a two, three and five-year mortgages.com" title="" target="_parent">fixed rate mortgages has jumped by more than 20 per cent since December 2006.
The financial research company also showed that the average two and three-year mortgages.com" title="" target="_parent">tracker mortgages in June 2008 were more than 18 per cent more expensive that at the end of 2006.
|
News brought to you by Start Again Finance, specialists in bad credit mortgage advice, loans, credit cards, savings and insurance |
|
| |
|
|
|
|
|
|
|
|
