Abbey launches five-year fix at 4.99% for one week only

Abbey for Intermediaries has launched two Key Account Exclusives for one week only.

These are a five-year fix at 4.99% with no fee, which is available up to 85% LTV for homebuyers and remortgagers, and a two-year fix at 2.89% with a £995 fee, which is available up to 60% LTV for homebuyers and remortgagers.

The lender has also introduced a two-year fixed rate deal with a fee of £995 at 3.39%, which is available up to 75% LTV to both homebuyers and remortgagers, and is on offer to the whole of the market.

In addition, Abbey has reduced rates on existing products by up to 0.25%, including a cut of 0.25% on its two-year fix at 85% LTV for homebuyers with a Santander current account, which is now at a rate of 4.64% and comes with a £745 fee.

Furthermore, its two-year tracker at 75% LTV for remortgages has been reduced by 0.20% to 2.39%, with a 1.5% fee.

Adrian Whittaker, Key Accounts director at Abbey for Intermediaries, says: “These changes are designed to support intermediaries and their clients, and we expect them to be very well received by homebuyers and remortgagers alike.

“Our range of market leading Key Account exclusives are likely to go down particularly well with borrowers looking for the peace of mind offered by a great fixed rate, but they are available for one week only so intermediaries need to act quickly to secure them for their clients.”

The move comes after Abbey launched two Key Account exclusives last week that were available for just seven days and started at a rate of 1.99%.