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Abbey reduce rates againAbbey have today made their twenty-sixth mortgage re-price of the year, with the announcement that they are to cut the cost of their two, three and five-year fixed rates. The UK’s second largest lender, Abbey is responding to the news that Halifax reduced their mortgages by up to 0.35% last week. This is the first time in the last twelve months that competition for mortgage business has started to hot up. Market Overview: August 2008We remain in the middle of the holiday season and in a lull, during an already quiet mortgage market. |
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