Abbey launches two-year fix at 2.89% for seven days
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Abbey for Intermediaries is launching two new products, including a seven day special two-year fix for key accounts with a rate of 2.89%.
The key account exclusive is a two-year fix with a rate of 2.89% and a £995 fee, available to both homebuyers and remortgagers up to 75% LTV.
The lender is also launching a four-year fix, which is available exclusively to the intermediary market.
The product has a rate of 3.99% and a fee of £995, and is available up to 60% LTV to both homebuyers and remortgagers.
All of the above products come with either the homebuyer or remortgage solution respectively. The homebuyer solution offers borrowers 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 at Abbey for Intermediaries, says: “Our latest key account and intermediary exclusives demonstrate our ongoing commitment to supporting the intermediary market with great products. We expect there to be strong demand from intermediaries and their clients for these new fixed rate deals.
“For borrowers looking for the flexibility of an offset mortgage, meanwhile, we continue to offer our highly competitive flexi product to both homebuyers and remortgagers.”
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Readers' comments (3)
Anonymous | 14 Jul 2011 4:19 pm
apparently it's a 2 yr deal becuase that's how long it takes underwriting to look at the apps !
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Anonymous | 14 Jul 2011 8:43 pm
Underwriting are actually only working on the day before's cases so don't blame underwriting!!
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Anonymous | 15 Jul 2011 10:46 am
Underwriting won't be working on anything when Spain defaults on its debt!
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