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Abbey begins to ramp up BTL offering

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  • 16/01/2012
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Abbey begins to ramp up BTL offering
Abbey for Intermediaries (AFI) has boosted its buy-to-let range with the launch of four new loans and rate cuts of up to 0.20% on existing products.

The lender, which launched into buy-to-let in December, will offer the deals from tomorrow.

The products include a two-year fix at 3.39% with a 2.5% fee available up to 60% LTV for buyers and remortgagors, alongside a two-year tracker at 2.99% with a 2.5% fee, available up to 60% LTV to buyers and remortgagors.

It is also launching a two-year tracker at 3.49% with a £1,495 fee, available up to 60% LTV to purchasers and remortgagors and a two-year tracker with a rate of 4.09% and a £1,495 fee, available up to 75% LTV to purchasers and remortgagors.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We continue to see strong rental demand in today’s housing market and we expect these intermediary exclusives to be very well received by intermediaries and their clients alike.”

Accord is offering a 3.89% two-year tracker with a flat fee of £800, said David Whittaker, managing director, Mortgages for Business.

“So this puts Abbey into the Hustings, although it doesn’t float my boat,” he added.

“However, here we are in the second week of January and on the buy-to-let product side, things are already being moved around like a drafts board. The focus for 2012 already feels very much like it’s on buy-to-let.”

 

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