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.
