AFI cuts rates by 0.25 per cent

The key account deals can be accessed by over 95%of the intermediary market and are available for one week only.

The first is a 2-year fix with a rate of 2.89% and a £995 fee, available up to 60% loan to value to both homebuyers and remortgagers. The other is a 5-year fix with a rate of 4.99% and no fee, available up to 85% LTV to both homebuyers and remortgagers.

AFI has also launched a new 2-year fix with a rate of 3.39% and a £995 fee, which is available up to 75% LTV to both homebuyers and remortgagers, and is on offer to the whole of the market.

Adrian Whittaker, key accounts director at Abbey for Intermediaries, said: “These changes are designed to support intermediaries and their clients, and we expect them to be well received by homebuyers and remortgagers alike. Our range of market leading key account exclusives are likely to go down particularly well with borrowers looking for the peace of mind offered by a great fixed rate, but they are available for one week only so intermediaries need to act quickly to secure them for their clients.

“We are committed to supporting the intermediary market and we are also pleased to be able to reduce rates across our range by up to 0.25%.”

AfI has also reduced rates by up to 0.25% on a number of products across its range, including:

• Rate reduced by 0.25% on two-year fix at 85% LTV, available exclusively to homebuyers with a Santander Current Account, now 4.64% with a £745 fee
• Rate reduced by 0.25% on two-year fix at 85% LTV for homebuyers, now 4.64% with a £995 fee
• Rate reduced by 0.20% on two-year tracker at 75% LTV for remortgagers, now 2.39% with a 1.5% fee
• Rate reduced by 0.20% on two-year tracker at 75% LTV for remortgagers, now 2.79% with a £995 fee
• Rate reduced by 0.15% on two-year fix at 85% LTV for first-time buyers, now 4.64% with a £495 fee
• Rate reduced by 0.15% on two-year fix at 85% LTV for remortgagers, now 4.84% with a £995 fee
• Rate reduced by 0.10% on three-year fix at 70% LTV for Loyal Movers and fee removed, now 3.79% with no fee
• Rate reduced by 0.10% on two-year fix at 80% LTV for homebuyers and remortgagers, now 3.99% with a £995 fee
• Rate reduced by 0.10% on three-year fix at 70% LTV for homebuyers and fee reduced by £500, now 3.79% with a £495 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.

#minewproduct