AFI 7-day sale at 75pc

Nia Williams

November 30, 2012

The exclusive product, which has a fee of £995 for homebuyers and remortgagors, is available through all key accounts until close of business on Thursday 6 December.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are very pleased to support the intermediary market with this seven day exclusive for all our key account partners. The product is available to more than 95% of the intermediary market and we expect to see strong demand from both homebuyers and remortgagers.

“We have also reduced rates by up to 0.40% and launched a number of fantastic new deals to meet the needs of borrowers across the market including some great deals at 90% LTV to support first-time buyers.”

Rate reductions include a 3-year fix rate at 75% LTV reduced by 0.40% to 3.59% with a £995 fee; a 2-year fix at 75% LTV reduced by 0.30% to 3.39% with a £995 fee; and a 2-year fix at 80% LTV reduced by 0.10% to 3.69 % with a £995 fee. All are available to homebuyers and remortgagors.

AFI’s new range includes a 3-year fix with a rate of 4.79 % and no fee; a 3-year tracker with a rate of 4.79% (Bank of England base rate + 4.29%) and no fee; and a 5-year fix with a rate of 4.99% and no fee. All are available to first-time buyers only up to 90% LTV.

All of these products come with the Homebuyer or Remortgage Solution. The Homebuyer Solution offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion while the Remortgage Solution offers a free standard mortgage valuation and either free legals or £250 cashback on completion.

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