Abbey fixed rates rising today!

jammie*dodger

Just finished arranging my 5 year fixed with Abbey and my Advisor has said Abbey have just told him they are pulling that rate today. I assume this means it's going up. Anyone wavering mught do well to put it in place now.

Rob.

foreversummer

According to this it is going down tomorrow!

http://uk.reuters.com/article/personalFinanceNews/idUKNOA13722120080501

Foreversummer

foreversummer

Sorry

It appears the 2-year fixed rate is going down tomorrow!

So confusing this! They seem to be up and down like a yoyo. Earlier this week their best offer on a 5-year fixed showing on their website was 5.31%.

Foreversummer

emmarbos

It still is.

5.31%, less than 70% lTV. However you need to either, be an abbey customer, OR be willing to move your accounts to Abbey, and/or take out insurances.

That relationship has to be there before it can be offered, although there is no limit to how long.

4433jake

i have spoken to an abbey advisor tonight - they are now only allowing 50% max of LTV as interest only any more borrowing i.e. over the 50% is on a repayment basis, oh and they are putting up their fixed rates tomorrow (friday)

Dan_Collins_2

Abbey rates are going down but criteria is being tightened!

jammie*dodger

Hmmm. now i'm confused. Oh well. I guess tomorrow will show.

Rob.

4433jake

Abbey rates are up slightly from yesterday as advised, they have also reduced the number of products offered by the looks of things

Dan_Collins_2

Sorry, some are up and some down, all bit messy! One they were one rate the next?!?!?!

sarkin

Lots of people on I/O mortgages are going to have problems, as people are stretched already.

mpsavuk

sarkin wrote: »

Lots of people on I/O mortgages are going to have problems, as people are stretched already.

Thats because, amongst other reasons, they bet on continuous house price rises and interest rates staying low.

They bet wrong!