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Abbey to launch fee-free high LTV products

  • 11/07/2013
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Abbey to launch fee-free high LTV products
Abbey for Intermediaries is to launch a pair of fee-free mortgages targeted at first-time buyers and those with a small deposit.

The lender, which yesterday announced it was to rebrand its broker channel as Santander for Intermediaries from next week, will launch the new products tomorrow, on Friday 12 July.

A two-year fix for first-time buyers will be available at 4.49% up to 90% LTV while a separate two-year fix will be offered at 3.79% up to 85% LTV to all homebuyers and remortgagers.

Miguel Sard (pictured), managing director of Abbey for Intermediaries, said the lender was eager to offer fee-free options to borrowers.

“We are pleased to support borrowers with a higher LTV with the launch of these two new best-buy deals. The products are fee-free and also come with the added benefit of our Homebuyer or Remortgage Solution, helping to reduce upfront costs for those buying or remortgaging.

“We are committed to supporting the intermediary market and our Key Account exclusive, offering a best-buy rate, is available through all our Key Accounts partners.”

The lender will also launch a two-year fix at 2.14% through all its key accounts, this product is available up to 70% LTV with a £1249 fee.

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