Money Advice Direct
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Abbey National Building Society was founded in 1944.
In 2003 it shortened its name to Abbey and became part of the Group Santander (Spain’s largest financial group) in November 2004. Abbey’s main offices are in London and it employs more than 25,000 people in branches throughout the country.
Abbey offers a range of mortgages whether you’re a first time buyer to or you’re looking to re-mortgage an existing property. Abbey has a number of financial packages but its main ones are fixed and flexible rate mortgages and mortgages that track the Bank of England base rate. It also offers a useful guide to the hidden costs of buying a house, a guide on how to buy a house and how to work your borrowing power.
You can keep your options open with Flexible range and get a great deal for the life of your mortgage. Flexible Plus mortgage comes with a savings pot to allow you to offset your savings against the money you owe, reducing the interest charged and helping you to pay your mortgage off early.
If you need a mortgage on a property you wish to rent out, Abbey have a wide range of fixed and tracker rates available. You can borrow up to £1m per property and by allowing you up to a total of £5m, it can really help you build up your portfolio too.