Fixed Rate Mortgages Just Got Lower

    LONDON, ENGLAND, October 14, 2009 /24-7PressRelease/ -- From Wednesday 7 October, borrowers will be able to benefit from even lower mortgages rates as Abbey reduces some of its fixed rate mortgage range by as much as 0.11 per cent and lower tracker rates.

The new fixed rates are available through both Abbey and Alliance & Leicester branches and are as follows:
• 70 per cent LTV 2 yr fix homebuyer product at 3.88 per cent, fee GBP995 - rate reduced by 0.10 per cent
• 85 per cent LTV 3 yr fix homebuyer product at 5.88 per cent, fee GBP995 - rate reduced by 0.11 per cent

In addition, for those customers who wish to take out a variable mortgage, a new 70 per cent LTV, two year tracker mortgage at 2.94 per cent (Remortgage & Homebuyer), with a fee of GBP995 is now available through both Abbey and Alliance & Leicester branches.

Nici Audhlam-Gardiner, Director of Mortgages at Abbey said: "With interest rates at a historical low many people are looking to tie in to fixed rates now, and in what is traditionally a very popular time of the year to purchase a house we expect that these reductions to our fixed rate product range will help more people find an affordable mortgage".

For more information, customers should visit the Abbey website at www.abbey.com

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.


About Us
Santander (SAN.MC, STD.N) is a retail and commercial bank, based in Spain, with operations in more than 40 countries. At the end of 2008, Santander was the largest bank in the euro zone by market capitalization and third in the world by profit. Founded in 1857, Santander had EUR 1,168 billion in managed funds at the end of 2008. Following the acquisition of Sovereign Bancorp of the U.S. in January 2009, Santander has 90 million customers, more than 14,000 branches - more than any other international bank - and over 180,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In 2008, Santander registered EUR8,876 million in net attributable profit, an increase of 9% from the previous year excluding capital gains.

In the UK, Santander operates three retail businesses - Abbey, Alliance & Leicester and the savings business of Bradford & Bingley. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 24 million customers.

Abbey, Alliance & Leicester and the savings business of Bradford & Bingley will all become known as Santander by the end of 2010. Abbey and the savings business of Bradford & Bingley will be rebranded from the first quarter of 2010 and Alliance & Leicester will follow later in the year. The move will deliver a significant advantage for customers as they will be able to use any of 1,000 Santander branches from early 2010, rising to over 1,300 by the end of 2010.

The Bradford & Bingley logo is a trade mark of Bradford & Bingley plc and is used under licence.


Media Enquiries
David Stewart Tel: 020 7756 4199 Mobile: 07971 182 813
Siobhan O'Shea Tel: 020 7756 4209

The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.

Website: http://www.abbey.com

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