Lenders

Abbey Bank - UK Mortgage Lender

Abbey Bank (formerly the Abbey National Building Society) was, in 1989, the first major building society to demutualise and become a public limited company. In November 2004, it became part of Spain’s largest financial services group, Grupo Santander.

Abbey is the sixth largest bank and the second largest mortgage provider in the UK, with 714 branches.

Mortgage Products

Flexible Plus – Tracker Mortgage: a tracker mortgage that allows offsetting of savings against the amount of money owed. Offers the option of building up savings and paying off the mortgage early and making overpayments or underpayments during the mortgage term.

Fixed Rate Mortgages: 2 year, 5 year and 10 year fixed rate mortgage and remortgages.

3 Year Stepped Rate Tracker Mortgage: a tracker mortgage offering low initial repayments, gradually increasing each year for the first three years, suitable for first time buyers.

2 Year Tracker Mortgage: a tracker mortgage offering lower repayments during the first two years, suitable for first time buyers.

5 Percent Cashback Mortgage: a tracker mortgage offering 5 percent cashback, suitable for first time buyers.

5 Year Capped Rate Mortgage: a capped rate mortgage where monthly repayments are guaranteed not to rise and will fall if the standard variable rate becomes lower than the capped rate during the five year term of the mortgage.

Standard Variable Rate Mortgage: a variable rate mortgage where monthly repayments go up and down in line with the lender’s base rate.

Buy To Let Mortgages: a range of fixed rate and tracker mortgages of up to £1 million per property is available for the purchase of rental property.

Spanish Mortgages: fixed rate and variable rate Euro mortgages are available in association with Banco Santander.

Website: www.abbey.com