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Abbey cuts rates and adds exclusives

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  • 16/11/2012
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Abbey cuts rates and adds exclusives
Abbey for Intermediaries (AFI) has cut rates on a number of its fixed rate deals and launched a best buy all Key Account exclusive.

The key account exclusive, which is available to more than 95% of the intermediary market, is a five-year fix with a rate of 3.69 per cent and a £995 fee offered at up to 75% LTV.

AFI has reduced the rate on its two-year fix at 80% LTV to 3.79%. The product is available to both homebuyers and remortgagors and comes with a £995 fee.

It has also reduced rates on some of its NewBuy products offered exclusively through the intermediary channel by 0.20%.

The new rates include:

• Three-year fix for homebuyers at 95 per cent LTV, now 4.79% with a £99 fee
• Five-year fix for homebuyers at 95 per cent LTV, now 4.99% with a £99 fee

All products are offered with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution includes a free standard mortgage valuation and £250 cashback on completion, while the Remortgage Solution offers a free standard mortgage valuation, and either free legals or £250 cashback on completion.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to support our intermediary partners with this fantastic all key account exclusive and rate cuts of up to 0.20%. We continue to see strong demand for fixed rate deals, with longer term fixes proving especially popular in the current market conditions.”

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