22
May
Abbey and Nationwide at top of mortgage best-buy table
Nationwide and Abbey have come out on top of independent mortgage
broker John Charcol's latest best-buy table.
For discount and tracker products, Abbey's base rate tracker
mortgage with a rate of 6.02 per cent and a £999 fee topped
the list.
Nationwide came out ahead for fixed-rate mortgage products with its
two-year deal.
The mortgage has a fixed-rate of 5.95 per cent, which then goes to
a rate of 6.49 per cent after the two-year period.
Meanwhile, the Bank of Ireland's 6.49 per cent mortgage, which is
fixed until July 31st 2011, is the only fixed-rate product in John
Charcol's top ten that does not require a loan-to-value ration of
75 per cent or less.
Abbey released the findings of its report yesterday which showed
that the demand for fixed-rate mortgages has grown for the third
consecutive month.
