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

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...