View more on these topics

Abbey withdraws buy-to-let products

Abbey has withdrawn its buy-to-let products temporarily in order to focus on its residential mortgage business.

The lender also announced that it is repricing many of its deals from 10pm tonight.

It is reducing its tracker range to a single product – a 2 year tracker to 75 per cent LTV, 6.12 per cent with a £999 fee.

The lender has also launched a new 75 per cent loan to value range but is still offering core 90 per cent and 95 per cent LTV products.

An Abbey spokesperson says: “Abbey’s new range includes a 75% LTV range which rewards customers with 25% or more equity in their property with lower rates. This gives customers and brokers access to rates that are up to 0.25% lower than in our previous range. We still offer loans of up to 90% and 95% LTV.

“The changes reflect the continuing market conditions, recent competitor moves and our commitment to maintain service levels. They are in line with the rest of the industry and we will continue to monitor the market.”


Fees almost double for best fixed rates says average application fees on the five most competitive fixed-rate mortgages have nearly doubled in the past year from 999 to 1,478 on two-year deals and 578 to 1,132 over three years.

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm