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Abbey launches seven-day deals from 1.99%

Abbey for Intermediaries has launched two mortgage products with rates starting from 1.99% for a limited period of one week only.

The Key Account exclusives consist of a two-year tracker at 1.99% (Bank of England base rate +1.49%) available up to 70% LTV, and a two-year fix at 2.89% available up to 75% LTV.

The products are available to both homebuyers and remortgagers and applications must be submitted by close of business on June 16.

They have a maximum loan size of £1m and a £995 fee. 

Abbey has also launched a number of other products, including a two-year tracker with a rate of 2.99% and no fee, available up to 70% LTV to remortgagers.

The lender is also introducing a two-year fix with a rate of 3.09% and a £995 fee, available up to 60% LTV to remortgagers with a maximum loan size of £1m, and a two-year tracker with a rate of 3.99% and a £995 fee, available up to 85% LTV to homebuyers.

In addition, Abbey has reduced rates on a number of products across its range, including a cut of 0.14% on its two-year fix at 75% LTV for remortgagers, which now has a rate of 3.25% with a 1.5% fee.

Furthermore, its two-year tracker at 70% LTV for remortgagers has been reduced by 0.10% to 2.49% with a £995 fee.

Adrian Whittaker, Key Accounts director at Abbey for Intermediaries, says: “Offering fantastic rates for both homebuyers and remortgagers, we expect these market leading Key Account exclusives to go down a storm.

“Over 95% of the intermediary market will be able to take advantage of these great products but they are available for one week only so intermediaries will need to move quickly to secure them for their clients.”

 

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Comments
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  • Fran Nrogan 10th June 2011 at 1:06 pm

    Great news for brokers – dual pricing in our favour- good work abbey.

  • bobby 10th June 2011 at 11:40 am

    Good for Abbey taking on the high street banks. Lets hope their admin dept will not go into total meltdown which is usually the case.

  • kevin duffy 9th June 2011 at 6:58 pm

    bravo AFI …. unafraid to lead where others are still concerned about events rather than shaping them.

  • Graham sellar 9th June 2011 at 5:08 pm

    The website is open to midnight and over the weekend so may need to work longer hours to secure these great rates.

    As the rates are not for sale directly the demand should all be via intermediaries!

  • Aaron Griggs 9th June 2011 at 11:43 am

    Great news for brokers, good to see a lender doing something for us for a change.

    Very good deal if you can get it!!!