Available from tomorrow, the key account exclusive deal is available up to 70% LTV to homebuyers and remortgagers, with a maximum loan size of £1m.

In addition, Abbey has cut interest rates on its Flexi homebuyer and remortgage products by up to 0.20%.

Both homebuyers and remortgagers can now access a rate of reduced rate of 3.29% up to 75% LTV, with a lowered fee of £995.

All Abbey deals come with its homebuyer or remortgage solution, offering added benefits including free standard valuations, free legals or cashback.

Miguel Sard, managing director at Abbey for Intermediaries, said: “Our new Flexi products offer those higher rate taxpayers with variable ‘bonus’ incomes the flexibility to offset their mortgage.

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“Our ongoing conversations with the intermediary market have resulted in us reducing the rates and fees on both the homebuyer and remortgage Flexi products to ensure we provide competitive products that both homebuyers and remortgagers can take advantage of.”

Mark Harris, chief executive of SPF Private Clients, said: “These latest changes to Abbey’s Flexi products really hit the mark for higher rate tax payers. The added benefit of no ERC coupled with the ability to add the fee to the loan ensures this is a great product for those looking to buy or remortgage.”