Abbey re-launches first time buyer mortgage range

30-Aug-2006

Many of the mortgages in Abbey's new range for first time buyers, incorporates a free valuation fee with £250 cashback upon completion or no booking fee and five per cent cashback.

"We understand that each first time buyer is different, in terms of their budget, what type of rate they want and what emphasis they place on up-front fees versus monthly costs," said Jeff Scott, head of mortgages at Abbey.

Up to a LTV of 90 per cent, Abbey offers a range of two or five-year tracker mortgages, with interest rates ranging from 5.14 to 5.59 per cent; the 5.09 and 5.59 per cent five-year tracker options carry a £499 booking fee.

For mortgages with a LTV up to 95 per cent, Abbey offers a three-year stepped tracker at 3.99, 4.89 and 5.79 per cent, with a £499 booking fee; five-year tracker options are also available.

Abbey also offers a range of mortgages for clients looking for a LTV of up to 97 per cent.

In addition to mortgages, Abbey also offers a range of current accounts, savings and investment products.

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