Two-year tracker rate mortgages available from 1.99%

by Aaron Strutt

Jul 01 2011

Abbey for Intermediaries is now in its fourth week of a new promotion offering two new market leading mortgages each week, but they are only available for seven days. They will be withdrawn on Thursday 7 July.

Abbey's lowest rate is a two-year tracker at 1.99% and it is available to borrowers with a 30% deposit. They are also offering a very good two-year fixed rate at 2.89% and it requires a 25% deposit. The maximum loan size is £1million on both mortgages and the arrangement fee is £995.

Aaron Strutt, a broker at Trinity Financial, says: “Two-year trackers at 1.99% do not come around very often, much like two-year fixes below 3%. As long as you have a good credit history, sufficient income and a deposit, it is likely that you will qualify for these rates.”

Nationwide Building Society hasn't been offering many market leading mortgages for a while, but they have lowered some rates by 0.65% and their lowest five-year fix is now as low as 3.89%. This fixed rate has a £995 arrangement fee and borrowers will need a 30% deposit to access it.

July 1, 2011