Abbey for Intermediaries (AFI) has launched an intermediary seven-day exclusive at 2.89%.
It is available through all Key Accounts until close of business on 6 December.
The product is a two-year fix with a rate of 2.89% and a £995 fee, which is available up to 75% LTV to both homebuyers and remortgagers. The product has a maximum loan size of £1 millio .
The intermediary lender has also reduced rates by up to 0.40% basis points as follows:
- A three-year fix rate at 75% reduced by 0.40 basis points to 3.59% with a £995 fee, available to homebuyers and remortgagors
- A two-year fix at 75% LTV reduced by 0.30 basis points to 3.39% with a £995 fee, available to homebuyers and remortgagors
- A two-year fix at 80% LTV reduced by 0.10 basis points to 3.69% with a £995 fee, available to homebuyers and remortgagors
- A three-year fix at 60% LTV available exclusively to all Key Accounts, with a rate of 2.99%, now with a reduced fee of £995, available to homebuyers and remortgagers
AFI has also launched a number of new products as follows:
- A three-year fix for Loyal Movers who are existing mortgage customers, with a rate of 4.59% and a £995 fee, available up to 85% LTV
- A five-year fix for Loyal Movers who are existing mortgage customers, with a rate of 4.59% and a £995 fee, available up to 85% LTV
- A three-year fix with a rate of 4.79% and no fee, available to first-time buyers only up to 90% LTV
- A three-year tracker with a rate of 4.79% (BBR + 4.29%) and no fee, available to first-time buyers only up to 90% LTV
- A five-year fix with a rate of 4.99% and no fee, available to first-time buyers only up to 90% LTV
All of these products also come 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.
“We are very pleased to support the intermediary market with this seven day exclusive for all our Key Account partners, which has a great rate of 2.89% and is available up to 75% LTV,” said Miguel Sard, managing director of Abbey for Intermediaries.
“The product is available to more than 95% of the intermediary market and we expect to see strong demand from both homebuyers and remortgagers.
“We have also reduced rates by up to 0.40% [sic] and launched a number of fantastic new deals to meet the needs of borrowers across the market, including some great deals at 90% LTV to support first-time buyers.”
