Abbey expands its B2L offering and cuts existing rates

Abbey for Intermediaries is boosting its buy-to-let range with the launch of four products and rate cuts of up to 0.20% on its existing range.

The lender, which launched into buy-to-let in December, will offer the deals from tomorrow.

They include a two-year fix at 3.39% with a 2.5% fee available up to 60% LTV for buyers and remortgagers and a two-year tracker at 2.99% with a 2.5% fee, available up to 60% LTV to buyers and remortgagers.

It is also launching a two-year tracker at 3.49% with a £1,495 fee, available up to 60% LTV to purchasers and remortgagers and a two-year tracker with a rate of 4.09% and a £1,495 fee, available up to 75% LTV to purchasers and remortgagers.

Miguel Sard, managing director of Abbey, says: “We have introduced percentage fees on some new products in response to feedback.

“We continue to see strong rental demand and expect these intermediary exclusives to be well received by brokers and their clients.”