Abbey will be launching a host of longer-term product rates from next monday.
It will offer new improved three-year fixed rate products which Abbey claims are now for the price of two-year fixes at 5.72 per cent with a £999 fee.
Abbey is also launching new 10-year and 15-year products, availble at five-year rates at 5.74 per cent with £999 fee.
New three-year fixed rate range of BTL products from 5.99 per cent are also on offer.
Abbey for Intermediaries managing director Ricky Okey says: “Demand is up for 3-year fixes and that’s why we have made the price look even more competitive. Now our 3-year fixed rate deal is available for the same price as a 2-year fix, so it’s ideal for brokers whose clients are looking for a longer period of certainty on their payments. We’ve also done the same with our 10 and 15-year products, bringing them down to 5-year prices.”
“Within the existing range, our Fix and Flex product continues to perform well with brokers. The option to fix for 6 or 12 months to ride out the current uncertainty in the market, and then revert to Abbey’s Flexible Plus deal combines the best of both worlds. At 6.09 per cent, and with no early redemption penalties, it offers great value for money.”