AFI launches NewBuy range

The Santander intermediary arm has launched with 3-year and 5-year fixes at 5.49% and a 7-year fixed rate product at 5.99%.

All products come with a £99 fee and are available between 90% and 95% loan to value.

Abbey has launched its range to intermediaries with established ties to Barratt Homes, Berkeley, Bovis Homes or Persimmon.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to support the government’s NewBuy scheme and the UK housing market with the launch of a range of competitive fixed rate products with low upfront fees.

“The range is designed to meet the needs of both first-time buyers looking to buy their first home and movers with smaller deposits and is available exclusively through intermediaries who have been nominated by our developer partners.

“We expect there to be strong demand from intermediaries and their clients for these great deals, which also offer the added benefit of our Homebuyer Solution.”