Founded in 1944, Abbey National Building Society shortened its name to Abbey in 2003. In November 2004, they became part of Spain’s largest financial group, Grupo Santander. With more than 25,000 employees in branches throughout the country, Abbey’s main offices are in London.
Whether you’re a first time buyer, or looking to re-mortgage your existing property, Abbey offers a range of mortgages and financial packages for you to choose from. Main ones are fixed and flexible rate mortgages, as well as mortgages that track the Bank of England base rate. It also provides useful guides to how to buy a house, the hidden costs of buying a house and how to work your borrowing ability.
Flexible Rate Plus Tracker: It’s your choice how to structure your repayments. You could overpay for a period of time, take a payment recess, or you could make early payment of your mortgage as well. The interest rate tracks the Bank of England Base Rate, your payments are lowered if the Bank of England rates are lowered, and if they rise your repayments will rise as well.
Fixed Rate: If you choose this mortgage, the interest you pay will be fixed over the period of your loan. If you want your rate not to go above an agreed rate, but could fall, you can select a capped rate. Consider this alternative if you don’t want much flexibility in how you repay your mortgage.
Variable Rate Tracker: This product is designed for people who seek low payments or cashback in the early years for more details, please check with Abbey.
Abbey provides also mortgages suited to the individuals needs:
First Time Buyers
Abbey has the right mortgage for whatever you are looking for.