AFI offers seven-day broker special

Published on

Abbey for Intermediaries AFI

Abbey for Intermediaries (AFI) is tomorrow (23 November) launching an intermediary seven day special with a rate of 1.99%, which is available through all Key Accounts until close of business on Thursday 29 November.

The product is a two-year fix with a rate of 1.99% and a £1,495 fee, which is available up to 60% LTV to both homebuyers and remortgagers.

It has a maximum loan size of £500,000.

The product also comes with the Homebuyer or Remortgage Solution. 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.

AFI will also be reducing rates by up to 0.26 basis points on the following buy-to-let deals for non-professional landlords:

  • Two-year fix available up to 75% LTV, rate reduced by 0.26 basis points to 3.89% with a £1,495 fee
  • Two-year fix available up to 60% LTV, rate reduced by 0.20 basis points to 2.89% with a 2.5% fee
  • Two-year fix available up to 60% LTV, rate reduced by 0.20 basis points to 3.49% with a £1,495 fee
  • Five-year fix available up to 60% LTV, rate reduced by 0.10 basis points to 4.39% with a £1,495 fee

The reductions to AFI’s buy-to-let range follow AFI’s reduction in the minimum property value for a buy-to-let application from £100,000 to £75,000 on Wednesday 21 November.

“We are delighted to support the intermediary market with this market leading all Key Account exclusive, which is available to more than 95% of the intermediary market,” said Miguel Sard, AFI’s managing director .

“With a fantastic rate of 1.99% and available to both homebuyers and remortgagers up to 60% LTV, we expect this great rate to be snapped up within the next seven days.

“We are committed to supporting the intermediary market with great products and service, and we have also reduced rates again on our buy-to-let range. With these deals also available exclusively through the intermediary market, we expect there to be strong demand from intermediaries and their clients.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...