Abbey is looking to entice those who are looking to
remortgage their
property by offering a new
mortgage option.
The option is aimed a cutting
remortgaging fees by offering a two year fixed and tracker deal. It is hoped to that those who are finishing off their old
low rate deals will
save approximately £200 with this option. In 2003 many
homeowners found low rate but they now have to look for another competitive deal.
Lal Tawney, Abbey's head of mortgage marketing, said remortgaging was a feasible option for most homeowners and urged them to consider it. "Remortgaging is easy to do and could result in a significant monthly saving. We have cut
rates, reduced fees and introduced two attractive new lower LTV products, ideal for people in the remortgage market."
The fixed rate option has an
interest rate of 4.39 per cent and a £339 fee, the tracker option has an interest rate of 4.24 per cent with a £699 fee.
