Abbey for Intermediaries (AFI) will tomorrow (15 March) launch its latest ‘seven-day special’, available exclusively through all Key Accounts.
The new seven day special is a five-year fix with a rate of 2.99% and no fee, available up to 60% LTV to LTV to both homebuyers and remortgagers.
The product has a maximum loan size of £1m and is available until close of business on Thursday 21 March.
The product also comes with the added benefit of the Homebuyer or Remortgage Solution. 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.
AFI has also reported a 30% increase in business week on week following the launch of its earlier seven day special – a two-year fix with a rate of 2.49% and a £995 fee, which was available up to 75% LTV to both homebuyers and remortgagers.
Miguel Sard (pictured), managing director of Abbey for Intermediaries, said: “We are delighted to launch our latest market leading seven day special, designed to meet the needs of borrowers looking for a longer-term fix rate with a fantastic rate and no fee.
“With the added benefit of the Homebuyer or Remortgage Solution, we expect this product to be very popular with intermediaries and their clients over the next seven days.
“The demand for our seven day specials has been extremely strong and we are pleased to continue to support the intermediary market with these Key Account exclusives.”