Abbey for Intermediaries has launched a new exclusive remortgage product for its key accounts and has reduced a range of fixed rate products by up to 0.2 per cent.
The new product, which the lender says is available to over 95 per cent of the intermediary market, is a two-year fixed rate with a rate of 3.19 per cent and a £945 fee. It is available up to 60 per cent loan-to-value.
AFI has also reduced the rate on its two-year fix at 75 per cent LTV for remortgagers by 0.2 per cent, which is also available exclusively to key accounts. The rate is now 3.49 per cent with a reduced fee of £945.
AFI’s five-year fix at 4.99 per cent with a £995 fee, is now available up to 75 per cent LTV for both homebuyers and remortgagers, increased from 70 per cent LTV.
The lender is also launching a new five-year fix with a rate of 4.65 per cent and a £995 fee, available up to 60 per cent LTV to homebuyers and remortgagers
AFI managing director Miguel Sard says: “With a rate of 3.19 per cent, we expect this product to be extremely popular with intermediaries and their clients alike.We have also reduced rates and fees on a number of our products to support both homebuyers and remortgagers.”