TMA offers Abbey semi-exclusives
Share
The Mortgage Alliance is offering two semi-exclusive two-year fixed rate homebuyer and remortgage products from Abbey for Intermediaries.
Alongside these it is also offering a number of re-priced four-year fixed rate deals from Abbey for Intermediaries and Alliance & Leicester.
The two semi-exclusive deals released by Abbey for Intermediaries consist of a two-year fixed rate homebuyer product and a two-year fixed rate remortgage product.
Both deals have a headline rate of 4.09% available until December 2 2011 after which they will revert onto Abbey’s standard variable rate which currently stands at 4.24%.
They are available for all customers with a LTV of up to 70% and a maximum loan size of £1m. The product comes with a total booking fee of £995, a product early redemption charge of 3% and no higher lending charges.
The annual percentage rate for the homebuyer product is 4.3% with a cashback ERC repayable to 2nd September 2011 and includes a free valuation – up to a property maximum of £2.5m – and a £250 cashback. The completion deadline is 26th February 2010.
The APR for the remortgage product is 4.4% and includes a free valuation – up to a property maximum of £2.5m – and standard legal fees paid. Standard legal fees ERC are repayable up until the 2nd September 2011. The completion deadline is 31st December 2009.
The re-priced products from A&L consist of a reduced rate of 4.99% on its four-year fixed rate homebuyer and remortgage products. Both deals have a 70% LTV and a booking fee of £995.
Abbey for Intermediaries has also re-priced its four-year homebuyer and remortgage fixed rate products which again both have a 70% LTV and £995 booking fee attached to them.
Phil Whitehouse, head of TMA, says: “It is a welcomed sight to see lenders releasing semi-exclusive deals via their key accounts and at TMA, we invite brokers to take full advantage of these great offerings. As the housing market shows increasing signs of stability, and even positivity, we are delighted to be in a position to help brokers benefit their client’s needs by having access to such leading products.
“The market remains tough but there are signs that we are beginning to see light at the end of the tunnel for funding issues in the mortgage market. As always TMA will continue to work hard on behalf of our members to establish strong distribution channels and keep on adding value to propositions.”
