A spokeswoman for Abbey for Intermediaries (AFI), said: “We are pleased to confirm we will be entering the non-professional sector of the buy-to-let market shortly. We expect this to be in the next few weeks.”
In an exclusive interview with Mortgage Solutions, AFI managing director Miguel Sard confirmed its buy-to-let range would be exclusively marketed through intermediaries to smaller-scale landlords.
In October, Sard denied the time frame for launch had been delayed.
He said: “It is not an easy process and it takes time. We have to review our processes and make sure not to make mistakes. We are very concerned with jeopardising the position we have in the market and we will only launch when we are ready.”
Abbey for Intermediaries confirmed that its buy-to-let business will be headed up by its director of mortgage products, Phil Cliff.
