Abbey launches two-year fixes
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Abbey for Intermediaries has launched a range of two-year fixed rate and variable deals, with rate cuts of up to 0.3%.
Ricky Okey
Abbey is offering a two-year tracker at 2.49% up to 70% LTV and a £995 fee, and a two-year fixed rate deal at 3.44% at up to 70% LTV with a £995 fee.
The lender is also launching an exclusive two-year fixed rate deal for its Key Account brokers at 3.69%, a 0.3% cut on the previous deal.
The product is from Abbey’s Homebuyer Plus range and is available up to a maximum LTV of 70% and comes with a £995 fee.
Abbey has also cut its three-year fixed rate Homebuyer deal by 0.09% to 4.75%, available up to 75% LTV with a £995 fee.
The five-year fixed rate Homebuyer deal has also been cut by 0.05% to 5.44%, available at up to 75% and with a £799 fee.
Ricky Okey, managing director at Abbey for Intermediaries, says: “This is a mortgage range designed to pack a punch.
“There have been a number of changes and additions within the range, all of which aimed at giving brokers access to market leading fixed and tracker rates across a range of LTVs.”
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Readers' comments (3)
Anonymous | 2 Feb 2010 12:17 pm
Thats all great news for the Intemediary Market.....all you need to do now Abbey is have a common sense lending approach and stop cherry picking. It seems you are taking in all the apps in by saying yes yes yes, then picking the best 2 of a good 10 bunch of applications. Also your appeal process is non existence. BDM's dont assist anymore when you can get a hold of them.
In short. Great Products but start working on the bits that count...
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Richard Wilson | 2 Feb 2010 1:18 pm
My view is that there should be absolutely no difference in rates whether you go in branch or via an ifa. The panel is out on whether that will be achieved.
A bit harsh on BDM's anonymous at 12:17pm. I find the team at Peterborough, without exception, remarkably helpful and always wishing to assist when needed. Perhaps it is the tone of voice and speaking 'with' rather than 'at' that affects a person's desire to help.
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Anonymous | 3 Feb 2010 8:59 am
Richard > correct. As an underwriter (not for Abbey) it is much easier to work with someone rather than accept a torrent of abuse from intermediaries.
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