Abbey for Intermediaries (AFI) will tomorrow cuts rates on a number of deals across its residential and buy-to-let range, as well as launching a new suite of products for ‘loyal’ customers.
Highlights of the new residential range include the following deals, which are available to both homebuyers and remortgagers:
• Two-year fix with a rate of 2.79% and a £995 fee, available up to 75% LTV
• Two-year fix with a rate of 3.24% and a £995 fee, available up to 80% LTV
• Two-year tracker with a rate of 2.44% (BBR + 1.94%) and a £995 fee, available up to 70% LTV
• Two-year tracker with a rate of 2.79% (BBR + 2.29%) and a £995 fee, available up to 75% LTV
• Two-year tracker with a rate of 2.99% (BBR + 2.49%) and no fee, available up to 70% LTV
AFI has also launched a new two-year fix at 60% LTV, with a best buy rate of 2.29% and a £995 fee.
In addition, the intermediary lender has introduced a new range of loyalty products for existing customers moving home with the launch of the below deals:
• Two-year fix with a rate of 2.74% and a £995 fee, available up to 75% LTV
• Five-year fix with a rate of 3.34% and a £995 fee, available up to 75% LTV
• Two-year tracker with a rate of 2.74% (BBR + 2.24%) and a £995 fee, available up to 75% LTV
It has also launched an exclusive product for homebuyers and remortgagers with an existing Santander current account, a two-year fix with a rate of 2.39% and a £995 fee, which is available up to 70% LTV.
All of these products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers 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.
On its buy-to-let range, meanwhile, AFI has reduced rates on the following deals for purchasers and remortgagers:
• Two-year fix up to 60% LTV, now with a rate of 3.44% and a £1495 fee
• Two-year tracker up to 60% LTV, now with a rate of 3.29% (BBR + 2.79%) and a £1495 fee
Brad Fordham, sales director at Abbey for Intermediaries, said: “Following on from the success of our seven day specials and as we enter what is traditionally a busy season for the housing market, we are delighted to support our intermediary partners with these fantastic rates and great products.”