Abbey for Intermediaries (AfI) and Alliance & Leicester Intermediary Sales have launched a range of two-year fixed and variable mortgages as well as cutting the rate on some existing fixed rate products by as much as 0.30%.

Abbey for Intermediaries’ range includes a two-year tracker at 2.49% and a two-year fix at 3.44%. Both are up to 70% LTV and come with a £995 fee. It is also offering a Key Account two-year fixed exclusive (Homebuyer Plus) at 3.69%, with a £995 fee – reduced by 0.30%. Again, this is up to 70% LTV.

AfI has also cut a a cople of rates: the 75% LTV three-year fixed rate (Homebuyer) is now 4.75%, with a £995 fee – reduced by 0.09%, and the 75% LTV five-year fixed rate (Homebuyer) is now 5.44%, with a £799 fee – reduced by 0.05%.

Alliance & Leicester Intermediary Sales deals include 80% two-year fixed products, at 4.34%, 4.84% and 5.04%, dependent on fee.

Ricky Okey, managing director at Abbey for Intermediaries, said: “This is a mortgage range designed to pack a punch. There have been a number of changes and additions within the range