Abbey for Intermediaries has launched its first ever lifetime tracker mortgage.

It is priced at 2.69% (BBR + 2.19%) and comes with a £495 fee.

The product is available up to 75% LTV to both homebuyers and remortgagers, and has a minimum loan size of £25,000 and a maximum loan size of £1 million.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are committed to supporting the intermediary market with great products and service and working with intermediaries to offer borrowers the right mortgage for their needs.

“Our new lifetime tracker deal is designed to appeal to borrowers who like the flexibility of a tracker deal but want the peace of mind of a lifetime tracker rate, and we are pleased to enhance our range with this great new product.”