The deals include an additional 0.35% discount from the core range offered by Future. Rates start from 6.25% and come with Free Valuation, Free Legal’s, no HLC and no upfront fees. Abacus will also accept remortgages from non-conforming lenders with recent and existing current arrears.
Gavin Treacy, Abacus Permanent's head of sales, said: “Currently over 20% of mortgages arranged are on a variable scheme. This demonstrates that brokers and customers have a strong need for this type of product. This is a further example of how Abacus provides brokers with the products they need and with the recent expansion of Abacus and it’s service enhancements, the level of service that brokers deserve.”
Mark Beddows, key account manager at Future Mortgages, commented: "We fully understand the importance of supporting our key partners and offering exclusivity on certain products. Abacus have realised a need to provide competitive discount products in the adverse and remortgage markets and we are very happy to work with them in this area. Future Mortgages enjoys a solid relationship with Abacus Permanent and we will continue to work closely with them to offer innovative products and criteria in this growing sector of the market."
