Abbey launches key account exclusive and reduces rates

20 May 2011 | By Natalie Thomas

The intermediary lender will also be reducing rates on a selection of its fixed rate products by up to 0.20%.

AFI has also reduced the rate on its two-year fix at 75% LTV for remortgagers by 0.20%, which is also available exclusively to key accounts. The rate is now 3.49% with a reduced fee of £945.

The intermediary lender has also reduced rates and fees as follows:

*      Rate reduced by 0.15%, and fee reduced by £300, on five-year fix at 75% LTV for Loyal Movers, now 4.99% with a £495 fee 

*      Rate reduced by 0.10%t on two-year fix at 60% LTV for homebuyers, now 3.29% with a £995 fee

Fee reduced by £500 on two-year tracker at 2.59%, now with a fee of £495, available up to 60% LTV to homebuyers and remortgagers

In addition, AFI’s five-year fix at 4.99% with a £995 fee, is now available up to 75% LTV for both homebuyers and remortgagers, increased from 70% LTV.

AFI is also launching a new five-year fix with a rate of 4.65% and a £995 fee, available up to 60% LTV to homebuyers and remortgagers.

All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of 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.

Miguel Sard, managing director of Abbey for Intermediaries, says: “In response to feedback from our intermediary partners, we are pleased to enhance our range of key account exclusives with the launch of a best buy two-year fix.

’With a rate of 3.19%, we expect this product to be extremely popular with intermediaries and their clients alike. We have also reduced rates and fees on a number of our products to support both homebuyers and remortgagers.”

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