AfI cuts fixed rates
From Thursday, the new rates are as follows:
• Four-year fix at 4.49% with a £995 fee, available up to 70% LTV (remortgage and homebuyer)
• Four-year fix at 4.99% with no fee, available up to 75% LTV (homebuyer)
• Four-year fix at 5.29% with no fee, available up to 75% LTV (remortgage)
Abbey for Intermediaries has also reduced the fee on its two-year tracker at 4.74% by £500. The product, which is available up to 85% LTV, now has a fee of just £495, reducing the cost even further for borrowers with a smaller deposit.
Ricky Okey, managing director at Abbey for Intermediaries, said: “Our latest rate reductions mean that intermediaries can now offer their clients an even more competitive range of four-year fixes, ideal for borrowers looking for the peace of mind provided by a longer term fix. Those borrowers wanting the flexibility of a tracker rate, meanwhile, can take advantage of the newly reduced fee available on our two-year tracker.”