Abbey for Intermediaries (AFI) has unveiled a new range of fee-free products at 85% and 90% LTV.
The simplified range with no fees includes the following deals:
- Two-year fix with a rate of 4.29%, available up to 85% LTV to homebuyers and remortgagers
- Two-year fix with a rate of 4.75%, available up to 90% LTV to homebuyers
- Two-year fix with a rate of 4.59%, available exclusively up to 90% LTV to first-time buyers
- Three-year fix with a rate of 4.89%, available up to 90% LTV to homebuyers
- Three-year fix with a rate of 4.79%, available exclusively up to 90% LTV to first-time buyers
- Five-year fix with a rate of 4.49%, available up to 85% LTV to homebuyers and remortgagers
- Two-year tracker with a rate of 4.29% (BBR + 3.79%), available up to 85% LTV to homebuyers
The intermediary lender has also launched two new products with no fees at 70% and 75% LTV – a five-year fix with a rate of 3.29%, available up to 70% LTV, and a five-year fix with a rate of 3.69%, available up to 75% LTV. Both products are available to homebuyers and remortgagers.
All of these products also come with either the Homebuyer or Remortgage Solution. 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.
In addition, AFI has launched a new two-year fix for buy-to-let customers, with a rate of 3.34% and a £1495 fee, which is available up to 60% LTV to purchasers and remortgagers. The product comes with the Homebuyer Solution for purchasers.
Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to support higher LTV borrowers with our new range of fee-free products at 85% and 90% LTV. All of these products also come with the added benefit of our Homebuyer or Remortgage Solution, helping borrowers to save money whether they are buying a new home or remortgaging.
“We are committed to supporting intermediaries and their clients with great products, and we expect there to be strong demand for these highly competitive new deals.”
