Abbey set to withdraw high LTV two-year deals

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Abbey has announced it will withdraw some mortgage rates from 10pm tonight and will not be replacing them.

In a message to brokers, Abbey says it will be launching new products tomorrow, with full details to be made available in its Intermediary Rate Bulletin. Eight products will be withdrawn later today, including a two-year fixed rate at 6.44% an 85% LTV, a three-year tracker large loan at 6.24% and 60% LTV, and ten year fixed rate remortgage at 6.39% and 75% LTV. Full applications for the withdrawn products must be made by 10pm on Thursday 25 September to secure a booking. Abbey says its new range will include 85% LTV three-year and five-year deals at 6.34% with a £995 fee, but will not of...

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