The Mortgage Alliance (TMA) is offering a semi-exclusive two-year fixed rate deal available only to Abbey bank account holders.
The mortgage club is also offering a semi-exclusive two-year fixed rate product from Abbey for Intermediaries available to remortgage customers and a number of re-priced semi-exclusive tracker deals from Alliance and Leicester (A&L).
The semi-exclusive bank account holder deal released by Abbey for Intermediaries consists of a two-year fixed rate product with a headline rate of 3.65% available until 2January 2012 after which it will revert onto Abbey’s standard variable rate which currently stands at 4.24%.
It is available for all customers with a loan-to-value of up to 70% and a maximum loan size of £1 milion. The product comes with a total booking fee of £995 with a completion deadline of 29 January 2010.
The new product is available to any customers (both homebuyer and remortgage) who can prove they have a bank account with one or more active direct debits and a regular minimum deposit of £1,000 per month.
The Abbey for Intermediaries two-year fixed remortgage deal has similar criteria but with a headline rate of 3.94%.
The re-priced semi-exclusive two-year trackers from A&L consist of a homebuyer mortgage which is priced at 3.09% – 2.59% above base rate and a remortgage deal priced at 3.19% – 2.69% above base rate. Both deals have a 75% LTV and a booking fee of £995.
Phil Whitehouse , head of TMA, said: “We are seeing a slight increase in the amount of exclusive and semi-exclusive deals being released by lenders via their key accounts and this has to be a positive sign for the intermediary market. At TMA we are delighted to be able to offer brokers greater choice and be in a position to really help address their client’s needs by having access to such leading products.””
