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Abbey reduces rates on fixed rate mortgages

Abbey for Intermediaries is reducing the rates on its range of fixed rate mortgages by up to 25 per cent. The new range includes a two year fixed rate at 4.84 per cent, available at up to 75 per cent loan to value, and a five year fixed rate at 5.24 per cent, also at up to 75 per cent loan to value.

Director Ambrose McGinn says: “Our new range allows intermediaries to offer deals that will suit clients who want to know where they stand each month, in terms of repayments, rather than follow the Bank of England base rate.”

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