Customers who have been with mortgage lender Abbey for more than six months are being offered a new range of home loans with reduced rates.

 

Launching the deal to reward its loyal customers, the Santander subsidiary has unveiled a two, three and four-year fixed-rate mortgage available at up to 90 per cent loan-to-value.

 

Also included in the special range is a three-year tracker loan at 2.99 per cent, requiring a deposit of 25 per cent, and an offset mortgage at 3.25 per cent with a loan-to-value of 75 per cent.

 

Nici Audhlam-Gardiner, director of mortgages at Abbey, said: This is great news for our existing current account customers, whether they're looking to remortgage or purchase a new home, they can now take advantage of more affordable offers.

 

Nationwide recently announced a new two-year fixed-rate mortgage with interest of 4.37 per cent, 60 per cent loan-to-value and a reservation fee of £396 - however, this charge can be dropped in exchange for a rate of 4.87 per cent.