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Abbey sees 33% rise in new business over a week

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  • 14/09/2012
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Abbey sees 33% rise in new business over a week
Abbey for Intermediaries has revealed that it saw a 33% increase in business since the launch of its new range last Friday.

The lender said this was driven by strong demand for its two-year fix at 2.79% for all key accounts.

This is an intermediary channel exclusive and available to over 95% of the intermediary market.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to see such strong demand from our intermediary partners for our fantastic new fixed and tracker deals.

“In particular, our all key account exclusives has been extremely popular with both homebuyers and remortgagers looking for a market leading rate in today’s challenging economic conditions. With an average time to offer across our range of just ten days, intermediaries and their clients are also benefiting from great service when placing residential and buy-to-let cases with us.”

The two-year fix has a £995 fee and is available to both homebuyers and remortgagers up to 60% LTV. It has a maximum loan size of £1m.

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