The fixed rate product has a completion deadline of 31 January 2011 and both come with a £995 fee.
Abbey for Intermediaries is also reducing rates by up to 0.18% on a selection of its fixed and tracker rate products as follows:
Tracker products:
• Rate reduced by 0.18 per cent on two-year tracker at 70 per cent LTV for remortgagers, now 2.69 per cent with £1495 fee
• Rate reduced by 0.18 per cent on two-year tracker at 70 per cent LTV for remortgagers, now 2.79 per cent with £995 fee
• Rate reduced on two-year tracker at 70 per cent LTV for remortgagers, now 2.99 per cent with a 0.50 per cent booking fee
Fixed rate products:
• Rate reduced by 0.18 per cent on two-year fixed at 75 per cent LTV for remortgagers, now 4.19 per cent and NO fee
• Rate reduced by 0.17 per cent on two-year fixed at 70 per cent LTV for remortgagers, now 3.38 per cent with £995 fee
• Rate reduced by 0.16 per cent on two-year fixed at 75 per cent LTV for remortgagers, now 3.77 per cent with £995 fee
All products come with a free basic property valuation up to a value of £2.5m, and arrangement and payment for basic legal work involved in transferring the mortgage.
Adrian Whittaker, key accounts director at Abbey for Intermediaries, said: “Our new 60% LTV deals offer customers looking to remortgage very competitive rates – but, for the fixed rate option, they need to move fast in order to meet the 31 January completion deadline.
“Our latest rate cuts, meanwhile, demonstrate our ongoing commitment to providing competitive rates to meet the needs of both intermediaries and their clients.”
