Abbey has brought out a four-year fix at 85% LTV with a rate of 5.99%.
The product, which is available through Abbey branches and over the telephone, has a fee of £995 and comes with either the Homebuyer Solution or Remortgage Solution. The Homebuyer Solution offers a free valuation and £250 cashback on completion to purchasers, and the Remortgage Solution offers a free valuation and free legals to remortgagers.
To reward loyal customers, Abbey is also launching a four-year fix for existing current account customers with a rate of 4.99% and no fee, which is available up to 75% LTV through branches and over the telephone. The product also comes with either the Homebuyer Solution or Remortgage Solution.
Meanwhile, Alliance & Leicester continues to offer its two-year tracker up to 75% LTV, with a rate of 2.95% and a fee of £495.
Nici Audhlam-Gardiner, mortgage director at Abbey and Alliance & Leicester, said: "At a time when many borrowers are looking for the peace of mind provided by a fixed rate mortgage, we are delighted to launch a market leading four-year fix available up to 85% LTV through Abbey, and a highly competitive, fee-free four-year fix to reward loyal current account customers. For borrowers looking for an attractive tracker mortgage, Alliance & Leicester continues to offer its best-buy two-year tracker with a great rate of 2.95%."
Abbey has also launched two new products which are available exclusively to staff who work for UK universities sponsored by its Santander Universities programme.
It has launched a three-year fix at 4.59% with a fee of £495, which is available up to 75% LTV for remortgage customers and comes with the Remortgage Solution. A five-year fix with a rate of 5.59% and a fee of £495 is available up to 75% LTV to homebuyers and comes with the Homebuyer Solution. Both products are available to university staff through the Abbey branch on their respective campus.
