Abbey announces cuts on no upfront costs mortgage range

22-May-2007

In news which may be of interest to first time home buyers, Abbey has announced an interest rate reduction on its no upfront costs mortgage range.

Available until June 23rd, the range of mortgages offers interest rates from 5.76 per cent for those products which do not feature an extended tie-in period, which may be of interest to first time home buyers looking for flexibility.

"In a rising interest rate environment where many providers are pulling their cheapest deals, today's rate cuts on this range make it extremely competitive," said Nici Audhlam-Gardiner, head of mortgages at Abbey.

"With no booking fee, no valuation fee and no legal fees, these products offer exceptional value," she added.

Indeed, within the range, products which carry a tie-in period of 18 months are available with interest rates from 4.5 per cent.

Abbey offers a range of financial products and services, including credit cards and current accounts.

To find out more about this mortgage and other mortgages for first time buyers, click here.

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