Abbey for Intermediaries (AFI) is making a number of rate cuts across its mortgage range tomorrow.
It is making a 0.10% reduction on its two-year fix at 60% LTV (for homebuyers and remortgagers, now 3.44% with £995 fee), and its 75% LTV two-year deals (for remortgagers, now 3.79% with £995 fee, while for Current Account customers who are remortgaging, now 3.79% with £745 fee).
AFI is also making a 0.05% cut on its five-year fix at 75% LTV for homebuyers and remortgagers, now 5.19% with £995 fee
All of the above products come with either the Homebuyer or Remortgage Solution. The Homebuyer Solution offers a free basic mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free basic mortgage valuation, and either free legals or £250 cashback on completion.
AFI will also make a rate cut of 0.16% on the two-year tracker for homebuyers and remortgagers with a loan size of £1 million to £2 million, now 2.79% with 0.4% fee. The maximum LTV is now 60%.
The rate on its two-year fix at 60% LTV for homebuyers and remortgagers will be reduced by 0.10%, to be 3.39% with £995 fee.
Alan Mathewson, managing director of Abbey for Intermediaries, said: “We are committed to offering a highly competitive range of mortgages to meet the needs of borrowers and we are pleased to be able to support intermediaries and their clients with these latest rate reductions. We expect to see strong demand for these products from both homebuyers and remortgagers alike.”””
