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Industry in depth
Abbey and Alliance & Leicester drop rates for intermediaries
30 October, 2009
Following on from last week’s launch announcement of Abbey’s new broker only market leading fixed rate mortgages, today, Abbey for Intermediaries and Alliance & Leicester Intermediary Sales will cut rates even further on a range of existing fixed rate and tracker mortgages available through the intermediary channel.
Abbey for Intermediaries
The new fixed rates are as follows:
* Two year fixed rate at 75 per cent LTV, down by 0.35 per cent to 4.18 per cent with a £995 booking fee.
* Three year fixed rate Homebuyer at 70 per cent LTV, down by 0.09 per cent to 4.49 per cent with a £995 booking fee.
* Three year fixed rate (Remortgage) at 70 per cent LTV, down by 0.39 per cent to 4.49 per cent with a £995 booking fee.
* Four year fixed rate (Remortgage) at 70 per cent LTV, down by 0.10 per cent to 4.89 per cent with a £995 booking fee.
In addition, Abbey for Intermediaries are also lowering the cost of their two year tracker mortgage at 70 per cent LTV by 0.15 per cent to 2.79 per cent
Alliance & Leicester Intermediary Sales
A&L have launched a new two year fixed rate, 70 per cent LTV, Remortgage and Homebuyer products at 3.15 per cent, with a 2 per cent fee
In addition the following rates have been reduced on its 70 per cent LTV range:
* Two year fixed rate (Remortgage and Homebuyer), with a £495 fee, down by 0.20 per cent to 3.95 per cent.
* Two year fixed rate (Remortgage and Homebuyer), with a £1,495 fee, down by 0.20 per cent to 3.65 per cent.
* Three year fixed rate (Remortgage and Homebuyer), with a £995 fee or 1% fee, down by 0.39 per cent (0.09 on the homebuyer) to 4.49 per cent.
* Two year tracker (Remortgage and Homebuyer), with a £995 fee, down by 0.15 per cent to 2.79 per cent.
Ricky Okey, Managing Director of Abbey for Intermediaries and Alliance & Leicester Intermediary Sales, commented: “We are committed to offering deals with the best possible rates so that even more intermediaries and their clients will be able to benefit from the highly competitive products we offer.”
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