Abbey cuts rates on fixed rates and trackers

Abbey for Intermediaries is offering brokers a range of new high and low fee mortgages and has cut the rates on its fixed and tracker rate mortgages.

The new range of products includes a two-year tracker remortgage product at 70% LTV, at 2.53% (BBR+2.03%) with a £1,495 fee. As well as a two -year tracker remortgage at 2.73% (BBR + 2.23%) with a £495 fee
and Homebuyer and Remortgage products at 75% LTV, 3.99% and a £495 fee.

It is also launching a two-year fixed rate, 75% LTV core product at 3.65% with a £995 fee and a two-year tracker at 70% LTV Homebuyer product at 2.59% (BBR + 2.09 per cent) with a £995 fee.

AfI is also reducing the rates on a number of fixed and variable products by up to 0.60%.

Adrian Whittaker, Key Accounts Director, Abbey for Intermediaries, says: “We understand that brokers are after the opportunity to offer their clients a wider range of options on fees and rates to suit their circumstances, that is why we are launching new high and low fee options on a number of our fixed and tracker rate products to meet the needs of more borrowers.”