Abbey Tracker Remortgage of 4.38%

Abbey has just released a two-year tracker mortgage offering a rate of 4.38 per cent it will cost you £699 you can remortgage up to £500,000, this remortgage is available up to 90 per cent loan-to-value.
Barry Naisbitt, of Abbey, said: "There has been a marked change in financial markets in recent weeks which has meant that many lenders have increased their fixed rate mortgages. If people are planning to move house or buying for the first time, it may now be worth considering a tracker mortgage. The reason is that tracker rates are now lower than fixed rates in many cases. Even if the Bank of England increased Base Rate a couple of times in the next two years, a tracker is still likely to work out cheaper as previous interest rate movements have been just 0.25 per cent each time.