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Abbey to cut mortgage rates again
he also pointed about that somed building societies we're now starting to compete for business again, after seeing their lending slump earlier in the summer .
this week has seen a continuation of the trend for lenders to would-be making frequent cuts in fixed-rates on their residential mortgages .
aaron increasing number, of lende crs have started offering cheaper rates for loans-to-value up to 60%, 65% or 70%, demonstrating that risk-based pricing is becoming increasingly important, he added .
it is good news that abbey have started to offer better deals for those with 15% deposit, he added .
fixed rate interest rates have reduced recently and as the market, environment changes, we're able to pass these benefits to our customers, said phil cliff, director of mortgages at abbey .
the latest move wast welcomed by aaron strutt of mortgage brokers chase de vere .