We recommend Abbey National

3.5%
With homeowners wanting to take advantage of low interest rates, remortgages are very popular. One of the best deals is the Abbey National's two-year base rate tracker. This is 0.16% less than the Bank of England Base Rate, at 3.59%. There's no charge for the valuation and there are no legal costs to the borrower. With a tracker you get an immediate benefit if the Bank of England Base Rate drops. With a traditional Standard Variable Rate, cuts in interest rates are not always passed on in full, as most lenders have to consider their shareholders.

· Mortgage expert, Towry Law Mortgages (0870-898-5000)