AFI cuts BTL rates by 0.2pc

Yuan Phoon

January 16, 2012

The lender has launched a 2-year fixed rate deal with a rate of 3.39% and a 2.5% fee available up to 60% loan to value.

It has also launched three 2-year trackers beginning at Bank Base Rate +2.49% with a 2.5% fee available up to 60% LTV.

Abbey’s current 60% LTV deal with a £1495 fee has been cut from 4.29% to 4.09% and its 75% LTV deal with a £1495 fee has been cut from 5.19% to 4.99%.

Miguel Sard, managing director of AFI, said: “We are pleased to enhance our buy-to-let range with the launch of our new tracker and fixed rate deals for purchasers and remortgagers and rate reductions on our existing buy-to-let products.

“In addition, we’ve introduced percentage fees on some of our new products in direct response to feedback from our intermediary partners.

“We continue to see strong rental demand in today’s housing market and we expect these intermediary exclusives to be very well received by intermediaries and their clients alike.”

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