Abbey for Intermediaries (AFI) has launched a new two-year fix at2.79%, and cut rates by up to 1.04 percentage points on its buy-to-let range and 0.75 percentage points on its residential range.

The two-year fix is a Key Account exclusive. With a rate of 2.79% and a £995 fee, it is available to both homebuyers and remortgagers up to 60% LTV. It has a maximum loan size of £1 million.

The lender has also launched a two-year fix at 90% LTV with a rate of 5.69% and a £495 fee. The product comes with the Homebuyer Solution, which offers a free standard mortgage valuation and £250 cashback on completion.

Reductions of up to 1.04 percentage points on AFI’s buy-to-let range have been made and AFI has added a new five-year fix with a rate of 4.49% and a £1495 fee, which is available up to 60% LTV.

Across all of AFI’s residential range, rate cuts of up to 0.75 percentage points have been introduced.

The lender has also brought out a new LTV range at 80% LTV. It has launched a two-year fix at 4.19% with a £995 fee, available to both homebuyers and remortgagers with the Homebuyer or Remortgage Solution respectively.

The Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

On its Key Account exclusive range, AFI has also increased the maximum loan size to £1 million on its three and five-year fixed rate deals.

“Our new Key Account exclusive, offering a market leading rate of 2.79%, is available for more than 95% of the intermediary market to access and we are delighted to offer this great rate as an intermediary channel exclusive,” said Miguel Sard, managing director of Abbey for Intermediaries.

“With rates coming down across our residential and buy-to-let ranges, and the same great rates now available to both purchase and remortgage customers across our new business range, we expect to see strong demand from intermediaries and their clients for these highly competitive new deals.”