20 August – Cut In Home Loan Rates

Today has seen the Abbey National announce a number of cuts in its mortgage rates, with a large number of different mortgage products included, especially the flexible and fixed rate mortgages.

The five year fixed rate option, along with the flexible mortgages offered by the Abbey National have today seen a cut of 0.2 percent. A slightly lower reduction has been seen on the three year tracker, which is now 0.1 percent less than it was.

The guiding principle behind the Abbey National cuts is to always do the very best for the customer, ensuring that the best offers are made available and therefore helping customers. An additional benefit could be that the market for property and mortgages itself receives a boost.