AfI cuts rates by 0.2pc
The new key account exclusive, which is available to more than 95% of the intermediary market, is a 5-year fix with a rate of 3.69% and a £995 fee. The product is available to homebuyers up to 75% LTV.
AfI has reduced the rate on its 2-year fix at 80% LTV by 0.20% to 3.79%. The product is available to both homebuyers and remortgagers and comes with a £995 fee.
It has also reduced rates on some of its NewBuy products, which are available exclusively through the intermediary channel, by 0.20%. The new rates are as follows:
• 3-year fix for homebuyers at 95% LTV, now 4.79% with a £99 fee
• 5-year fix for homebuyers at 95% LTV, now 4.99% with a £99 fee
All products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers 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.
Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to support our intermediary partners with this fantastic all key account exclusive and rate cuts of up to 0.20%. We continue to see strong demand for fixed rate deals, with longer term fixes proving especially popular in the current market conditions.
“As intermediaries and their clients look to secure a great rate in the run up to Christmas, we expect there to be strong demand for these deals, and with an average time to offer of just 10 days, intermediaries will also benefit from great service when placing cases with us.”