Changes to our mortgage range

26/01/2012

We are amending the rates on selected 2 year Fixed and Tracker products at 60%, 75% and 90% LTV and also our Flexible Offset product.

At the same time we are withdrawing our 5 year Fixed rate Homebuyer and Remortgage products at 60% LTV:

• Homebuyer, 4.09% with a £995 fee
• Remortgage, 4.29% with a £995 fee
• Homebuyer, 4.29% with no fee
• Remortgage, 4.49% with no fee

Full applications on amended and withdrawn products must be received by midnight on Thursday 26th January 2012 in order to secure a booking on these products.

Track & Fix

Following your feedback we improved the KFI Point of Sale insert where your client is taking a tracker mortgage benefiting from the Track and Fix feature.

Please ensure that you provide them with this form for every case as it provides them with important information about the Track & Fix feature.

All our Remortgage Tracker products offer Track and Fix up to 75% LTV.

The Track & Fix feature is suitable for clients who are comfortable that their payments may increase/decrease in line with the base rate but want the option to be able to switch to a fixed rate at any point during the initial product period of their Tracker.

The fixed rate the customer would switch to would be from our Existing Customer’s Not Moving Home range on sale at the time of the switch.  A booking fee may apply.

For full details of our new range please see the Abbey Rate Bulletin (Issue 2) which will be available on Friday 27th January 2012.