Abbey for Intermediaries is to cut certain fixed rates tomorrow.

AFI has cut the rate on its two-year fix at 75% LTV for homebuyers by 0.06 percentage points to 3.57% with a £995 fee.

Its two-year fix at 75% LTV for homebuyers, will be priced at 3.47% with a fee of £1,495 and the three-year fix at 70% LTV for homebuyers and remortgagers, will be cut to 3.85% with a fee of £995.

Both of the two-year fixes come with the Homebuyer Solution, offering borrowers a free basic mortgage valuation and £250 cashback on completion.

Alan Mathewson, managing director of Abbey for Intermediaries, said: “We are pleased to be able to support both intermediaries and their clients with our latest rate cuts. These cuts support our ongoing commitment to offering a wide range of highly competitive fixed rate mortgages for both homebuyers and remortgagers alike