The deal includes a £995 fee and comes with the remortgage solution, which offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.
Abbey has also reduced the rate on its two-year homebuyer fix to 3.29%.
The product is available up to 70% LTV with a £995 fee and comes with the homebuyer solution, which offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion.
The selected Key Account partners eligible to access these two products are:
– Intrinsic
– Tenet
– Sesame Bankhall Group including PMS
– Countrywide including Mortgage Intelligence and Mortgage Next
– Simply Biz
– LSL Group
– London & Country
Miguel Sard (pictured), managing director of Abbey for Intermediaries, said: “We are delighted to support our selected key account partners with these great products for homebuyers and remortgagers. Offering a best buy rate of 3.29% and available up to 70% LTV with the homebuyer or remortgage solution, we expect these fixed rate deals to be very popular with intermediaries and their clients alike.”
Legal & General, Personal Touch Financial Services and Openwork have not been included in this distribution round.
Ben Thompson, mortgages director at Legal & General said that the network’s exclusion from the list of partners is down to a ‘rotational policy.’
“What this means is that from time to time an exclusive will be down from one distributor only, sometimes for a small number and sometimes you’ve got a range of key account exclusives which are available to a handful of big accounts. On occasions like this, what you’ll get is someone like Santander who will pick whoever they want to support at this moment, although we fully expect to benefit next time round.
“When I say rotational, it’s not unusual, other lenders do it as well.”
