The mortgage club is also offering a semi-exclusive two-year fixed rate product from Abbey for Intermediaries available to remortgage customers and a number of re-priced semi-exclusive tracker deals from Alliance and Leicester (A&L).
The semi-exclusive bank account holder deal released by Abbey for Intermediaries consists of a two-year fixed rate product with a headline rate of 3.65% available until 2nd January 2012 after which it will revert onto Abbey’s standard variable rate which currently stands at 4.24%. It is available for all customers with a loan-to-value (LTV) of up to 70% and a maximum loan size of £1 million. The product comes with a total booking fee of £995 with a completion deadline of 29th January 2010.
The new product is available to any customers (both homebuyer and remortgage) who can prove they have a bank account with one or more active direct debits and a regular minimum deposit of £1,000 per month.
The Abbey for Intermediaries two-year fixed remortgage deal has similar criteria but with a headline rate of 3.94%.
The re-priced semi-exclusive two-year trackers from A&L consist of a homebuyer mortgage which is priced at 3.09% – 2.59% above base rate and a remortgage deal priced at 3.19% - 2.69% above base rate. Both deals have a 75% LTV and a booking fee of £995
All the products outlined are available through TMA. Members can follow a link by clicking on the relevant link to the products on the website www.themortgagealliance.com. TMA is free to join and this offer is available to all directly authorised brokers.
Phil Whitehouse, Head of TMA, commented: “We are seeing a slight increase in the amount of exclusive and semi-exclusive deals being released by lenders via their key accounts and this has to be a positive sign for the intermediary market. At TMA we are delighted to be able to offer brokers greater choice and be in a position to really help address their client’s needs by having access to such leading products.”
