The Abbey flexible mortgage has a range of flexible features, though the bank says not all of the deals may be available to existing customers. According to the bank, the Abbey flexible mortgage is suitable for:
Borrowers who take an Abbey flexible mortgage can choose to have a discounted rate for the first six months of the mortgage term. They can also choose to have a repayment, interest only or mixed repayment flexible tracker mortgage. Borrowers who can afford to pay a higher upfront fee on their Abbey flexible mortgage can benefit from a lower interest rate. Those who wish to pay a higher interest rate can get cashback, valuation refunds and other incentives with their Abbey flexible mortgage. where cash back is paid, there may be a requirement to repay this if the mortgage is redeemed early.
There are a range of deals available with the Abbey flexible mortgage, all quoted assuming a loan of 90 per cent of the property value. Interest rates may vary if this is not the case. The first Abbey flexible mortgage deal is 0.49 per cent above the Bank of England base rate for the life of the mortgage, to give an annual percentage rate (APR) of 6.4 per cent. The maximum loan amount on this deal is £1,000,000. There is a valuation fee of between £185 and £680. Also there are free 
legal services offered on remortgages
There are also a choice of two flexible fixed rate product on offer fromm Abbey, with rates starting at 6.19% fixed untill 02/09/08 and a fixed rate 6.24% untill 02/03/09. The 6.24% rate is fixed untill 02/03/09 at whic time it reverts to a tracker deal at 0.49 above the Bank of England Base rate. There is a booking fee of £999 for this deal which can be added to the mortgage there is also free legals and free valuation included in this offer for remortgage customers. The APR on this deal is 6.3%*
High street access for ease of use
No cheque book facility
Pre-agreed borrowing facility
