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Abbey launches key account exclusive at 2.45%

Abbey for Intermediaries has launched a two-year tracker at 2.45% exclusively for its key accounts.

The product is available at 70% LTV with a £995 fee, and is available for both purchases and remortgages.

Abbey says the deal will be available to over 90% of the broker market.

Adrian Whittaker, key accounts director at Abbey for Intermediaries, says: “This is a market leading rate that will only be available for a limited time.

“However, we will continue to develop our ongoing proposition of offering brokers accessible products at competitive rates while at the same time widening the products within our range.”

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Comments
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  • peter sowerby 2nd April 2010 at 9:20 pm

    well done Abbey, good support for the brokers

  • bobby 1st April 2010 at 1:16 pm

    Yes the rate is great BUT what in reality will happen is it will take 4 weeks to get to the underwriter whilst getting every bit of information possible including needing to see their 5 metre’s swimming certificate when they were 7 and then it will be declined having to replace it somewhere else and trying to keep hold of the client. If by some miracle they do issue an offer letter they will then approach your clients 6 months before the rate ends to cut you out of the equation.

    Abbey are ” closed for business ” as far as I concerned.