Abbey launching new first-time buyer deals

Abbey for Intermediaries is launching two new first-time buyer mortgages on Friday.

It is offering a two-year fixed rate up to 90% LTV at 5.99% with an upfront £99 fee.

As well as a three-year fixed rate up to 85% LTV at 4.99% with a £99 fee.

It is also amending the rates on selected two-year and three-year fixed rate products at 60% and 75% LTV, as well as its five-year fixed rate products at 85% and 90% LTV and selected two-year tracker products at 75% LTV.

At the same time it is withdrawing its three-year fixed rate remortgage product at 85% LTV.