The lender is reducing the rates on a number of products by up to 0.38% with new rates as follows:
2 year Fixed rate, Remortgage product, 70% LTV with a 0.50% fee, 3.55%
2 year Fixed rate Homebuyer product, 70% LTV with a £995 fee, 3.09%
2 year Fixed rate Remortgage product, 75% LTV with a 1% fee, 3.69%
3 year Fixed rate Homebuyer product, 70% LTV with a £495 fee, 3.89%
3 year Fixed rate Remortgage product, 70% LTV with a £995 fee, 3.99%
3 year Fixed rate, Remortgage product, 75% LTV with a £995, 4.29%
2 year Tracker Homebuyer product, 70% LTV with a 0.50% fee, 2.79% (BBR + 2.29%)
2 year Tracker Homebuyer product, 70% LTV with a £995 fee, 2.65% (BBR + 2.15%)
2 year Tracker Homebuyer product, 70% LTV with a £1495 fee, 2.55% (BBR + 2.05%)
2 year Tracker, Homebuyer product, 75% LTV with a £995 fee, 2.79% (BBR + 2.29%
AfI is also withdrawing the following products:
2 year Tracker Homebuyer product, 75% LTV with no fee
2 year Fixed rate Remortgage product, 75% LTV with no fee
2 year Fixed rate Homebuyer Product, 60% LTV with £995 fee
3 year Fixed rate Remortgage product, 70% LTV with £995 fee
3 year Fixed rate Core product, 70% LTV with £995 fee
3 year Fixed rate Core product, 75% LTV with £995 fee
Full applications on amended and withdrawn products must be submitted by midnight Tuesday 2nd November 2010 in order to secure a booking on these products.
Alan Mathewson, managing director of Abbey for Intermediaries, said: “We are committed to supporting the intermediary market and our latest rate reductions mean that intermediaries can now offer their clients an even more competitive range of mortgages, both fixed and tracker. We also expect our newly launched two-year fix at 4.15% with a fee of just £99 to be extremely popular with borrowers looking for a great rate with a low fee.”
