Abbey announces new long-term fixed-rate mortgage

27-Mar-2007

Abbey has announced details of a new ten-year fixed-rate mortgage, which may be interesting to prospective first time home buyers.

Available with an interest rate of 5.34 per cent, Abbey's new fixed-rate mortgage is available with an associated fee of £499, which may be of interest to would-be first time home buyers looking for some certainty over their monthly repayments.

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

"Long term fixes are great for people who want a high degree of certainty over their outgoings for many years," said Nici Audhlam-Gardiner, head of mortgages at Abbey.

"However, clearly the best deal to tie yourself in to for the long term is one with the most competitive rate," he added.

Abbey also offers a 15 year fixed-rate mortgage, with an interest rate of 5.39 per cent.

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

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