The product, which is available through Abbey branches and over the telephone, has a fee of £995 and comes with either the Homebuyer Solution or Remortgage Solution. The Homebuyer Solution offers a free valuation and £250 cashback on completion to purchasers, and the Remortgage Solution offers a free valuation and free legals to remortgagors.
To reward loyal customers, Abbey is also launching a four-year fix for existing current account customers with a rate of 4.99% and no fee, which is available up to 75% LTV through branches and over the telephone. The product also comes with either the Homebuyer Solution or Remortgage Solution.
Meanwhile, Alliance & Leicester continues to offer its best-buy two-year tracker up to 75% LTV, with a rate of 2.95% and a fee of £495, for customers looking for a competitive variable deal.
Abbey has also launched two new products which are available exclusively to staff who work for UK universities sponsored by its Santander Universities programme.
It has launched a three-year fix at 4.59% with a fee of £495, which is available up to 75% LTV for remortgage customers and comes with the Remortgage Solution. A five-year fix with a rate of 5.59% and a fee of £495 is available up to 75% LTV to homebuyers and comes with the Homebuyer Solution. Both products are available to university staff through the Abbey branch on their respective campus.
