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Abbey cuts rates by up to 1%

Abbey for Intermediaries has launched a new range of three, four and five-year fixed mortgage products and reduced rates by up to 1% across its range.

The new products include:

  • A three-year fix at 75% LTV for homebuyers and remortgagers at 3.85% and no fee
  • A four-year fix at 70% LTV for homebuyers and remortgagers at 3.59% and £995 fee
  • A five-year fix at 70% LTV for homebuyers and remortgagers at 3.79% and £995 fee
  • A five-year fix at 90% LTV available exclusively for first-time buyers at 5.99% with a £495 fee

The intermediary lender has also reduced rates by up to 1% on a large number of products across its range, including:

  • Rate reduced by 1% on five-year fix at 75% LTV for homebuyers and remortgagers, now 3.99% with £995 fee
  • Rate reduced by 0.34% on two-year fix at 75% LTV for homebuyers and remortgagers, now 2.75% with a 1.5% fee
  • Rate reduced by 0.30% on two-year fix at 70% LTV for homebuyers and remortgagers, now 2.69% with a £995 fee
  • Rate reduced by 0.26% on two-year fix at 60% LTV for homebuyers and remortgagers, now 2.89% with a £495 fee
  • Rate reduced by 0.20% on two-year fix at 75% LTV for homebuyers and remortgagers, now 2.99% with a £995 fee
  • Rate reduced by 0.20% on two-year fix at 75% LTV for remortgagers, now 3.59% with no fee
  • Rate reduced by 0.14% on two-year fix at 75% LTV for homebuyers, now 3.65% with no fee
  • Rate reduced by 0.10% on two-year tracker at 70% LTV for homebuyers and remortgagers, now 2.89% with no fee
  • Rate reduced by 0.05% on two-year tracker at 70% LTV for remortgagers, now 2.44% with a £995 fee

All of the above products come with either the homebuyer or remortgage solution respectively. The homebuyer solution offers borrowers 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.

In addition, rates have also been reduced on AFI’s large loan range by up to 0.20%:

  • Rate reduced by 0.20% on two-year fix at 70% LTV for homebuyers and remortgagers, now 3.39% with a 0.4% fee.
  • Rate reduced by 0.14% on two-year tracker at 70% LTV for homebuyers and remortgagers, now 2.65% with a 0.4% fee.

Miguel Sard, managing director at Abbey for Intermediaries, says: “We are pleased to continue our support of intermediaries and their clients with our new range of competitive three, four and five year products plus extensive reductions on over 40 products across our range. In particular, a number of products from our five year product range have been cut by up to 1% providing an extremely competitive option for those homeowners seeking longer-term security.

“First-time buyers, movers and remortgagers alike will be able to take advantage of these great products and we expect there to be very strong demand from borrowers over the coming weeks. These products signify our continued commitment to supporting the intermediary market with great products and service.”

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