Abbey for Intermediaries is tomorrow cutting rates on a range of its two, three, four and five year fixed mortgage products by up to 1.10 percentage points.

It is also launching a new three-year fix at 70% LTV at 3.19% with no fee.

Two-year fix products are being reduced by up to 0.84 percentage points, while three-year fixes are vein by up to 0.6 percentage points.

Four-year fix products are being reduced by up to 1.10 percentage points, while five-year fixed rates will be cut by up to 0.94 percentage points.

All of the products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are pleased to support the intermediary market with these latest rate cuts of up to 1.10%. We are continuing to see strong demand for fixed rate deals and we expect our latest rate cuts to be very well received by borrowers looking for the peace of mind of a fantastic fixed rate mortgage.