The rate is available to all key account intermediaries and comes with a fee of £995. Available to home purchase and remortgage customers, the product is available up to 60% LTV.
The lender says 95% of the intermediary market will have access to the deal, which is available exclusively through intermediaries.
The move comes after West Bromwich Building Society announced a two-year fix at 2.59%, but with higher completion fees of £1,895. West Brom products are currently available direct only.
Miguel Sard, managing director of Abbey for Intermediaries, commented: “We are pleased to support intermediaries and borrowers with significant rate reductions across our range and the launch of a number of fantastic new deals.
“Our new key account exclusive, offering a market leading rate of 2.79%, is available for more than 95% of the intermediary market to access and we are delighted to offer this great rate as an intermediary channel exclusive.”
Elsewhere, Abbey has also launched a two-year fix for mortgages up to 90% LTV targeted at first-time buyers, available at 5.69% with fees of £495.
A new 80% LTV range has also been established, with a two-year fix on offer at 4.19% to homebuyers and remortgagers with a £995 fee.
The lender’s buy-to-let range has been refreshed with a five-year fixed-rate mortgage available at 4.49%. That product is available up to 60% LTV with fees of £1,495.
Sard added: “With rates coming down across our residential and buy-to-let ranges, and the same great rates now available to both purchase and remortgage customers across our new business range, we expect to see strong demand from intermediaries and their clients for these highly competitive new deals.”
