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Mortgage News

Abbey launches products up to £2m

Mortgage Solutions
Written By:
Posted:
November 12, 2010
Updated:
November 12, 2010

Abbey for intermediaries (AFI) has launched two new larger loan products up to £2m for the intermediary market.

They include a two-year fix at 3.24% with a 0.40% fee and a two-year tracker at 2.85% (BBR + 2.35%) also with a 0.40% fee.

Alan Mathewson, managing director of Abbey for Intermediaries, said: “We are pleased to be able to support the intermediary market. We expect these new deals to be very well received by intermediaries whose clients are looking for a larger loan product at a great rate.”

The products are available up to 70% LTV with a loan size of £1m-£2m, and both homebuyers and remortgagors can take advantage.