Available for seven days only, the latest AFI key account exclusive can be accessed by over 95% of the intermediary market. It is a two-year fix with a rate of 3.35%, no fee, and is available up to 70% LTV to both homebuyers and remortgagors.
The intermediary lender is also reducing rates on it new Flexi Homebuyer and remortgage products including:
- Rate reduced by up to 0.10% at 75% LTV for homebuyers, now 3.29% with a reduced £995 fee
- Rate reduced by up to 0.20% at 75% LTV for remortgageos, now 3.29% with a reduced £995 fee
Mark Harris, chief executive, SPF Private Clients, said: “These latest changes to AFI’s Flexi products really hit the mark for higher rate tax payers. The added benefit of no ERC coupled with the ability to add the fee to the loan ensures this is a great product for those looking to buy or remortgage. Once again AFI shows it is responding to the needs of the market, supporting intermediaries with new business.”
Miguel Sard, managing director at Abbey for Intermediaries, said: “Our new Flexi products offer those higher rate taxpayers with variable ‘bonus’ incomes the flexibility to offset their mortgage.
“Our ongoing conversations with the intermediary market, taking in to account their feedback regarding our Flexi products, have resulted in us reducing the rates and fees on both the Homebuyer and Remortgage Flexi products to ensure we provide competitive products that both homebuyers and remortgagors can take advantage of.
“We are also pleased to continue supporting intermediaries and their clients with further rate reductions of up to 0.20% across our range. Our latest market leading key accounts exclusive demonstrates our ongoing commitment to supporting the intermediary market with great products and service.”
