View more on these topics

Abbey cuts rate on key account exclusive

Abbey for Intermediaries has cut the rate on its key account exclusive by 0.20%.

The two-year fixed rate product is now available at 3.39% with a £1,995 booking fee (60% LTV) for both purchases and remortgages.

With the product available to all 21 of AfI’s key account partners, it is estimated that over 90% of the intermediary market will be able to access it.

As well as cutting the rate on its key account exclusive, Abbey for Intermediaries has launched a new two-year fixed rate at 3.6% with a £995 booking fee (70% LTV), which is available to homebuyers and offers a free valuation and £250 cashback on completion.

The lender has also cut rates across a selection of its existing two-year fixes by up to 0.24% and three-year fixes by up to 0.45%.

Adrian Whittaker, key accounts director at Abbey for Intermediaries, says: “We are committed to offering intermediaries a wide range of competitive mortgage deals to help them best meet the needs of their clients.

“With so many great fixed rates available from Abbey for Intermediaries, now is the time for borrowers looking for the security of a fixed rate to take advantage of the low rates on offer and lock in to guarantee certainty of their monthly payments.”


Miles succeeds Blanchflower on MPC

David Miles is set to take over from David Blanchflower as an external member of the Monetary Policy Committee.

FSA could cap mortgages

Lord Turner, chairman of the Financial Services Authority is rumored to be going to announce a cap on mortgage lending tomorrow.

Equity release can be boon for elderly

A by-product of the credit crunch has been the effect of falling interest rates on pensioners’ income, primarily affecting savings and annuities.

Abbey launches flexible offset deals

Abbey for Intermediaries has launched a range of flexible offset mortgages, giving borrowers the chance to use their savings to pay off their mortgage while interest rates are low.The products are at base rate plus 3.25% and fully flexible. They are available up to 75% LTV and have a fee of £1,495.The range is available […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


News and expert analysis straight to your inbox

Sign up