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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.”


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