Abbey for Intermediaries (AFI) will tomorrow launch a range of new three, four and five fixed mortgage products and reduce rates by up to one percentage point across its range.
The new products include a three-year fix at 75% LTV for homebuyers and remortgagers at 3.85% and no fee a four-year fix at 70% LTV for homebuyers and remortgagers at 3.59% and £995 fee a five-year fix at 70% LTV for homebuyers and remortgagers at 3.79% and £995 fee and a five-year fix at 90% LTV available exclusively for first time buyers at 5.99% with a £495 fee.
All of the above products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers 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.
In addition, rates have also been reduced on AFI’s large loan range by up to 0.20 percentage points. The rate has been reduced by 0.20 percentage points on the two-year fix at 70% LTV for homebuyers and remortgagers, now 3.39% with a 0.4% fee (between £1 to £2 million). Meanwhile the rate has been reduced by 0.14 percentage points on two-year tracker at 70% LTV for homebuyers and remortgagers, now 2.65% with a 0.4% fee (between £1 to £2 million)
Miguel Sard , managing director at Abbey for Intermediaries, said: “We are pleased to continue our support of intermediaries and their clients with our new range of competitive three
