Abbey to expand buy-to-let range
Abbey for Intermediaries is to launch four new buy-to-let products and cut the rates on its existing range by 0.2 per cent.
On January 17, the lender will launch a two-year fixed rate at 3.39 per cent, for a 2.5 per cent fee and up to 60 per cent loan-to-value.
AFI will also launch two two-year trackers at 60 per cent LTV, which will be priced at 2.49 per cent and 2.99 per cent above base rate with fees of 2.5 per cent and £1,495 respectively.
The lender is also launching a two-year tracker at 3.59 per cent above base rate, which is available up to 75 per cent LTV and for a £1,495 fee.
AFI managing director Miguel Sard says: “We are pleased to enhance our buy-to-let range with the launch of our new tracker and fixed rate deals for purchasers and remortgagers, and rate reductions on our existing buy-to-let products. In addition, we have introduced percentage fees on some of our new products in direct response to feedback from our intermediary partners.
“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.”