Abbey have today made their twenty-sixth mortgage re-price of the year, with the announcement that they are to cut the cost of their two, three and five-year fixed rates.
The UK’s second largest lender, Abbey is responding to the news that Halifax reduced their mortgages by up to 0.35% last week.
This is the first time in the last twelve months that competition for mortgage business has started to hot up.
Simon Tyler, Managing Director of Chase De Vere says: “After a massive drop in lending, the big banks and building societies are now extremely keen to lend funds to the right borrowers and, they will do it at extremely competitive rates.
“Chase De Vere has access to some fantastic exclusive deals. There are now real savings to be made by those looking to remortgage”.
21/08/08
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