Abbey launches new mortgage range

Abbey has announced the launch of a range of revamped mortgages available as of this week, including a choice of five-year mortgages and a new variable rate tracker.

A cashback mortgage has been reintroduced into the range in addition to a series of stepped rate mortgages starting at 3.99 per cent. Reductions have been announced across all fixed rate mortgages, with some now beneath five per cent.

"With no change in the base rate and a flattened housing market, many borrowers are looking for good five year deals," stated Gary Hockey-Morley.

"We're providing a real choice, whether you're looking for some cashback to help with the initial costs, want a low rate in the first year but can manage stepped rates after that, or just want a great fixed deal."