Mortgage Times launches three-year fix with Abbey

20 November 2008

The product is available at up to 60% LTV with a maximum loan size of £550,000. It carries a total booking fee of £495. The rate will revert to 5.44% from February 2 2012.

There is an early redemption charge of 3% but no higher lending charge.

Richard Stokes, director of product and provider development at Mortgage Times, says: “Abbey has been consistently entrenched in the broker-facing market this year and this latest deal with us shows we continue to deliver the business they require.”

Adrian Whittaker, key accounts director at AfI, says: “Mortgage Times has been working hard in the last year to ensure a regular supply of products to offer its members a competitive advantage during difficult market conditions.

“Abbey is keen to support brokers in this challenge and are pleased to offer Mortgage Times access to this fixed rate product.”