Abbey cuts rates and launches new deals
Share
Abbey for Intermediaries is reducing rates on its fixed rate products and has launched some new three and five-year fixed rates.
This Friday it will reduce rates again on its fixed rate products as follows:
- Rate reduced by 0.30% on five-year fix at 70% LTV for remortgagers, now 4.69% with a £995 fee
- Rate reduced by 0.20% on five-year fix at 75% LTV for homebuyers, now 4.79% with a £995 fee
- Rate reduced by 0.16% on four-year fix at 70% LTV for homebuyers, now 4.29% with a £995 fee
- Rate reduced by 0.16%t on four-year fix at 75% LTV for homebuyers, now 4.59% with a £995 fee
- Rate reduced by 0.16% on four-year fix at 75% LTV for Loyal Movers, now 4.59% with a £495 fee
- Rate reduced by 0.10% on two-year fix at 70%t LTV for homebuyers, now 3.09% with a £995 fee
- Rate reduced by 0.10% on two-year fix at 70% LTV for Loyal Movers, now 2.99% with a £495 fee
- Rate reduced by 0.08% on three-year fix at 75% LTV for homebuyers, now 4.27% with a £995 fee
In addition, AFI will be launching the following new products:
- Five-year fix at 4.99% with a £995 fee, available to remortgagers up to 75% LTV
- Three-year tracker at 2.99%, available to homebuyers up to 75% LTV with a 1% fee
- Three-year tracker at 3.19%, available to remortgagers up to 75% LTV with a 1% fee
All of these products come with the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of a free basic mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free basic mortgage valuation, and either free legals or £250 cashback on completion.
Alan Mathewson, Managing Director of Abbey for Intermediaries, says: “Our latest rate cuts provide even greater choice to customers looking for the security of a fixed rate mortgage, with our market leading four and five year deals sure to appeal to borrowers wanting to lock into a great rate for the longer term. We are also pleased to be able to extend our tracker range to support intermediaries, with the launch of two highly competitive new products.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
