Abbey to cut rates on 80% LTV products
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Abbey for Intermediaries is set to cut rates on a selection of its 80% LTV products tomorrow and is also launching a key account exclusive home purchase deal.
The new rates include a two-year fix for homebuyers at 4.70% and a two-year fix for remortgagers at 4.75%.
Abbey will also be reducing rates on its two-year tracker offering at 80% LTV by up to 0.19%. The new rates include a two-year tracker for homebuyers at 3.75% and a two-year tracker for remortgagers at 3.80%.
The products also come with Abbey’s Homebuyer and Remortgage Solutions respectively.
Abbey’s 3.09% key account exclusive product is a 60% LTV two-year fix at 3.09%. The product has a fee of £995 and a maximum loan size of £550,000 and is available to Abbey’s 18 leading distributor. The lender estimates that 90% of the intermediary market will be able to access it.
Adrian Whittaker, key accounts director at Abbey, says: “These latest changes to our range demonstrate our ongoing commitment to offering highly competitive products through the intermediary market.
“By reducing rates at 80% LTV and launching a best buy key account exclusive, which is available to over 90% of the intermediary market, we are pleased to support the needs of both intermediaries and their clients.”
