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AfI cuts rates & offers new deals

Nia Williams

November 5, 2010

Commenting, Alan Mathewson, managing director of Abbey for Intermediaries, said: “Our latest rate cuts provide even greater choice to customers looking for the security of a fixed rate mortgage. We are also pleased to be able to extend our tracker range to support intermediaries, with the launch of two highly competitive new products.”

It has cut the rates on the following products:

  • Rate reduced by 0.30% on five-year fix at 70% LTV for remortgagers, now 4.69% with a £995 fee
  • Rate reduced by 0.20% on five-year fix at 75% LTV for homebuyers, now 4.79% with a £995 fee
  • Rate reduced by 0.16% on four-year fix at 70% LTV for homebuyers, now 4.29% with a £995 fee
  • Rate reduced by 0.16% on four-year fix at 75% LTV for homebuyers, now 4.59% with a £995 fee
  • Rate reduced by 0.16% on four-year fix at 75% LTV for Loyal Movers, now 4.59% with a £495 fee
  • Rate reduced by 0.10% on two-year fix at 70% LTV for homebuyers, now 3.09% with a £995 fee
  • Rate reduced by 0.10% on two-year fix at 70% LTV for Loyal Movers, now 2.99% with a £495 fee
  • Rate reduced by 0.08% on three-year fix at 75% LTV for homebuyers, now 4.27% with a £995 fee

In addition, AFI has launched:

  • Five-year fix at 4.99% with a £995 fee, available to remortgagers up to 75% LTV
  • Three-year tracker at 2.99%, available to homebuyers up to 75% LTV with a 1% fee
  • Three-year tracker at 3.19%, available to remortgagers up to 75% LTV with a 1% fee

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


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