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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.”


All change

Graham Felstead, head of intermediary channel at the Royal Bank of Scotland, has hit the ground running by rebranding and reshaping the lender’s broker arm


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