The intermediary lender is launching a 2-year tracker with a rate of 1.99% (Bank base rate +1.49%), available up to 70% LTV and a 2-year fix with a rate of 2.89% available up to 75% LTV.
The products are available for a limited period only and applications must be submitted by close of business on Thursday 16 June. They have a maximum loan size of £1m and a £995 fee.
AFI has also launched a number of other new products:
• 2-year tracker with a rate of 2.99% and no fee, available up to 70% LTV to remortgagers
• 2-year fix with a rate of 3.09% and a £995 fee, available up to 60% LTV to remortgagers with a maximum loan size of £1m
• 2-year fix with a rate of 3.29% and a £495 fee, available up to 60% LTV to homebuyers with a maximum loan size of £550K
• 2-year tracker with a rate of 3.99% and a £995 fee, available up to 85% LTV to homebuyers
• 2-year tracker with a rate of 4.19% and a £995 fee, available up to 85% LTV to remortgagers
It has also reduced rates on a number of products across its range, including:
• Rate reduced by 0.14% on 2-year fix at 75% LTV for remortgagers, now 3.25% with a 1.5% fee
• Rate reduced by 0.10% on 2-year tracker at 70% LTV for remortgagers, now 2.49% with a £995 fee
• Rate reduced by 0.10% on 2-year fix at 60% LTV for remortgagers, now 3.29% with a £495 fee
• Rate reduced by 0.05% on 2-year tracker at 70% LTV for remortgagers, now 2.24% with a 1.5% fee
Commenting, Adrian Whittaker, key accounts director at Abbey for Intermediaries, said: “Offering fantastic rates for both homebuyers and remortgagers, we expect these market leading Key Account exclusives to go down a storm.
“Over 95% of the intermediary market will be able to take advantage of these great products but they are available for one week only so intermediaries will need to move quickly to secure them for their clients.
“We are committed to supporting intermediaries and their clients with great products and service, and we are also pleased to launch a number of highly competitive new deals for homebuyers and remortgagers. In addition, we are also reducing rates again across our range.”
