Abbey cuts mortgage rates

Mortgage lender Abbey has announced it will cut its rates on both its fixed and flexible offerings.

Abbey's flexible offset products will reduce by 0.2 per cent while its three year tracker mortgage rates will decrease by 0.1 per cent.

changes are also being made to interest rates on its five year fixed low fee mortgage will be cut by 0.2 per cent and as of today the mortgage rates on its two and three year fixed offerings will be reduced by a quarter of a per cent.