Abbey launches 1.99% seven-day special

Abbey for Intermediaries is launching another seven day special where it will offer a two and a half-year fixed rate at 1.99 per cent.

It is available from Friday, up to 60 per cent LTV for a £1,495 fee and is on offer to both homebuyers and remortgagers until the close of business on 14 March. The maximum loan size is £1m and is available exclusively through the lender’s key accounts.

Abbey managing director Miguel Sard says: “Our latest seven day special has a market leading rate of 1.99 per cent and also comes with the added benefits of our homebuyer or remortgage solution. Available through all our key accounts, homebuyers and remortgagers can lock into this great fixed rate for two and a half years but it is only available for seven days so intermediaries and their clients need to take advantage while they can.”

The homebuyer solution offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion, while the remortgage solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

Abbey’s previous seven day special, a two-year fix at 2.49 per cent up to 75 per cent LTV with a £995 fee, finishes today.