Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to support intermediaries with the launch of another best-buy Key Account exclusive and rate reductions across our range, including at 85% LTV. Offering great rates and coming with the added benefit of the Homebuyer or Remortgage Solution, we expect there to be strong demand for these new deals from intermediaries and their clients.”
AfI has also reduced rates on its existing key account exclusives.
Its 2-year fix at 70% LTV for homebuyers and remortgagers is reduced by 0.10% to 3.19%, with a £995 fee.
Its 5-year fix at 60% LTV for homebuyers and remortgagers is reduced by 0.10% to 3.39%, with a £1495 fee
AfI has also reduced rates across its standard range.
• 5-year fix at 70% LTV for homebuyers reduced by 0.20% to 3.79%, with a £995 fee
• 5-year fix at 70% LTV for remortgagers reduced by 0.20% to 3.89%, with a £995 fee
• 5-year fix at 75% LTV for homebuyers reduced by 0.20% to 4.29%, with a £995 fee
• 5-year fix at 75% LTV for remortgagers reduced by 0.20% to 4.49%, with a £995 fee
• 2-year tracker at 60% LTV for remortgagers reduced by 0.20% to 3.29% (BBR + 2.79%), with a £995 fee
• 2-year tracker at 60% LTV for remortgagers reduced by 0.20% to 3.79% (BBR + 3.29%), with no fee
• 2-year tracker at 60% LTV for homebuyers reduced by 0.10% to 3.29% (BBR + 2.79%), with a £995 fee
• 2-year tracker at 60% LTV for homebuyers reduced by 0.10% to 3.79% (BBR + 3.29%), with no fee
AfI has also cut rates on its 5-year fixes at 85% LTV to support homebuyers and remortgagers with a higher LTV. The new rates are as follows:
• 5-year fix at 85% LTV for homebuyers reduced by 0.10% to 4.99%, with a £995 fee
• 5-year fix at 85% LTV for remortgagers reduced by 0.10% to 5.19%, with a £995 fee
All of these products come with the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of 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.
