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Abbey cuts rates by up to 1%

Abbey for Intermediaries has launched a new range of three, four and five-year fixed mortgage products and reduced rates by up to 1 per cent across its range.

The new products include:

  • A three-year fix at 75 per cent LTV for homebuyers and remortgagers at 3.85 per cent and no fee
  • A four-year fix at 70 per cent LTV for homebuyers and remortgagers at 3.59 per cent and £995 fee
  • A five-year fix at 70 per cent LTV for homebuyers and remortgagers at 3.79 per cent and £995 fee
  • A five-year fix at 90 per cent LTV available exclusively for first-time buyers at 5.99 per cent with a £495 fee

The intermediary lender has also reduced rates by up to 1 per cent on a large number of products across its range, including:

  • Rate reduced by 1 per cent on five-year fix at 75 per cent LTV for homebuyers and remortgagers, now 3.99 per cent with £995 fee
  • Rate reduced by 0.34 per cent on two-year fix at 75 per cent LTV for homebuyers and remortgagers, now 2.75 per cent with a 1.5 per cent fee
  • Rate reduced by 0.20 per cent on two-year fix at 75 per cent LTV for homebuyers and remortgagers, now 2.99 per cent with a £995 fee

All of the above products come with either the homebuyer or remortgage solution respectively.

In addition, rates have also been reduced on AFI’s large loan range by up to 0.20 per cent.

Miguel Sard, managing director at Abbey for Intermediaries, says: “We are pleased to continue our support of intermediaries and their clients with our new range of competitive three, four and five year products plus extensive reductions on over 40 products across our range. In particular, a number of products from our five year product range have been cut by up to 1 per cent providing an extremely competitive option for those homeowners seeking longer-term security.”

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