The two-year fix has a rate of 6.19% with a £599 fee, available with the Homebuyer Solution.
It has also reduced the fee on its three-year fix at 90% LTV to £495.
The product has a rate of 6.89% and also comes with the Homebuyer Solution, which offers borrowers a free basic mortgage valuation and £250 cashback on completion.
Alan Mathewson, managing director of Abbey for Intermediaries, says: “We are committed to supporting the housing market and first-time buyers, and expect there to be strong demand from intermediaries and their clients for this highly competitive new deal.
’Borrowers looking to take advantage of a longer-term fixed rate will also be able to benefit from the £500 fee reduction on our three-year fix.”