Abbey launches broker exclusives
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Abbey for Intermediaries is offering a 3.65%, two-year fixed rate mortgage at 70% LTV with a £995 booking fee, exclusively for brokers.
The new product is available to any customers (both homebuyer and remortgage) who have an existing Abbey bank account.
Available through all 21 of AfI’s key account partners, it is estimated that over 90% of the intermediary market will be able to access these products.
Ricky Okey, managing director of Abbey for Intermediaries, says: “This is a perfect way for us to reward the loyalty of our bank account customers while giving brokers access to market leading products. We are keen to demonstrate that we are willing to think innovatively when it comes to product design and we expect the market to respond well to this new proposition”.
In addition, Abbey for Intermediaries is also making changes to the design of its affordability calculator and how it is used through the Introducer part of its website.
Okey, adds: “We are re-shaping our affordability calculators in response to broker feedback. We wanted them to become more user friendly and ensure that they are more closely linked to our lending criteria and offer even more accurate and robust decisions. We believe these changes will be more in tune with the needs of the broker.”
