Abbey to cut mortgage rates


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Abbey has announced it is cutting rates on mortgages for consumers with a 15 per cent deposit from next week.

The lender is reducing the rates on the deals by 0.6 per cent, while it is also lowering fees on the same deals by around £1,000.

In addition, several of its products with a 70 and 75 per cent loan to value are having their rates cut by 0.1 per cent.

Phil Cliff, director of mortgages for Abbey, said that the company's aim was to provide consumers with "a range of competitive deals".

"The rate and fee cuts, plus the new deals, mean we have an extremely competitive range for customers with deposits of 15 per cent or more," he explained.

Another UK mortgage lender also recently announced reductions on a number of its rates.

The Co-operative Bank has revealed that the rate on its three-year fee-free deal is to be lowered by 0.3 per cent, while its five-year deal's rate is falling by 0.7 per cent.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more