Abbey for Intermediaries (AFI) is tomorrow (21 January) launching a new range of mortgage rates, which includes new fixed and tracker mortgages, along with rate reductions of up to 0.37%.

For example, two-year fixed rates at 80% LTV with a £995 fee will be cut to 4.38% for both remortgage and homebuyer deals.

Also, there will be a rate reduction of 0.15% on two-year tracker at 85% LTV to 4.59% with a £495 fee for homebuyers.

A new ‘fee free’ three-year tracker will be launched at 70% LTV with a rate of 3.09% for remortgage customers and a two-year tracker will be priced at 3.49%, 80% LTV with a £995 fee.

A two-year tracker at 90% LTV, 5.79% with £199 upfront fee now comes with the Homebuyer Solution.

The Homebuyer Solution offers borrowers a free basic mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free basic mortgage valuation, and either free legals or £250 cashback on completion.

Alan Mathewson, managing director of Abbey for Intermediaries, said: “We are dedicated to the intermediary market and continually look at ways to improve our offering