Abbey cuts 0.35% from fixed rates

However, the rate cuts are only effective on 60% and 75% LTV products, meaning those customers with smaller equity stakes will not benefit from lower costs. Abbey’s existing two and three-year fixed rates at 60% LTV will be cut by 0.25% to 5.49% with a £499 fee, and a new five-year deal has also been introduced at the same rate. Two, three and five-year mortgages at 75% LTV have all been cut to 5.54% with a £995 fee. Two-year trackers and fixed rate deals at 60% LTV have also seen their maximum loan size increased to £550,000. If you would like to comment on this story, contact: John B...