Abbey launches 3-year no-fee fix at 3.19%

The deal is available up to 70% LTV for homebuyers and remortgagers and will launch with all reduced rate deals on 16 September.

Reduced rate deals will feature across Abbey's range of two-, three-, four-, and five-year fixed rate mortgages.

Its four-year fixed rate at 85% LTV for first-time buyers will see the largest cut of 1.10%, now with an interest rate of 4.29% with a £495 fee.

In its two-year fixed rate range, reductions will include Abbey's 90% LTV deal for homebuyers, cut by 0.84% to 5.35% with a £495 fee, while its 80% and 85% LTV deals for homebuyers and remortgagers will be reduced to 3.19% and 3.95% respectively, with £995 fees.

Abbey's three-year fixed rate deals include 3.55% up to 75% LTV, with no fee, and 4.09% up to 85% LTV, with a £495 fee.

The five-year fixed rate range will see rates cut by up to 0.94%, with its 85% LTV deal for homebuyers now 4.75% with a £995 fee, and 90% LTV for first-time buyers now 5.75% with a £495 fee.

All deals come with free standard valuation and £250 cashback upon completion for homebuyers, while remortgagers can choose between free legals or cashback.

Miguel Sard, managing director of Abbey for Intermediaries, said: "We are continuing to see strong demand for fixed rate deals and we expect our latest rate cuts to be very well received by borrowers looking for the peace of mind of a fantastic fixed rate mortgage.

"We are committed to offering intermediaries and their clients great products and service."