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No lock-in on Abbey discounts

Abbey National is offering a new range of discounted and fixed mortgages with no extended tie-ins.

The mortgages include a 1.15 per cent two-year discount loan giving a rate of 3.85 per cent. The rate is available on loans up to 75 per cent loan to value, is open to first-time buyers, movers and remortgage customers and has no extended tie-ins.

Abbey is also offering a five-year 0.95 per cent discount giving a current rate of 4.05 per cent for loans up to a maximum of 95 per cent LTV, a two-year fixed rate at 4.49 per cent for loans up to 95 per cent LTV and a five-year fixed rate at 4.99 per cent for loans up to 95 per cent LTV.

Director of retail marketing Janet Connor says: “The rates offer an opportunity for customers looking for affordable peace of mind. Alternatively, our new deals offer outstanding value for customer who are looking for great value up-front discounts.”

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