Abbey for Intermediaries (AFI) will tomorrow (8 March) launch a new ‘seven day special’, available exclusively through all Key Accounts.

The new deal is a 2.5 year fix with a rate of 1.99% and a £1,495 fee, available up to 60% LTV to both homebuyers and remortgagers.

The product has a maximum loan size of £1,000,000 and is available until close of business on Thursday 14 March.

Available to both homebuyers and remortgagers, the product also comes with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers 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.

When searching for this product on sourcing systems, intermediaries should ensure they select a product term that covers up to two years and eight months (or 32 months depending on their system), to ensure the product is shown in their sourcing results.

Miguel Sard, managing director of Abbey for Intermediaries, said: “Our latest seven day special has a market leading rate of 1.99% and also comes with the added benefits of our Homebuyer or Remortgage Solution.

“Available through all our Key Accounts, homebuyers and remortgagers can lock into this great fixed rate for 2.5 years but it is only available for seven days so intermediaries and their clients need to take advantage while they can.”