AfI launches 2-year 2.39pc fixed rate
The 2-year fix is available to both homebuyers and remortgagers and comes with a £1,995 fee and has a maximum loan size of £1m.
And AfI’s 3-year fixed rate has been cut to 2.89% at 70% LTV with a 2.5% fee available to homebuyers and remortgagers while its 2-year fixed rate at 80% is now 3.99%. Both products are available to homebuyers and remortgagers.
The intermediary lender has also reduced rates by up to 0.20% on its 2 and 5-year fixed rates at 70% LTV and 0.10% on fixed rates at 85% LTV.
Products come with either the Homebuyer or Remortgage Solution respectively. The Homebuyer Solution offers borrowers the added benefits of a free standard mortgage valuation and £250 cash back 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 offer this fantastic 2-year fix with a market leading rate in the intermediary channel to our intermediary partners. The product is available to homebuyers and remortgagers and with a maximum loan size of £1m we expect it to be especially popular with larger loan customers. We are also pleased to reduce rates by up to 0.20% across our fixed rate range to support intermediaries and their clients.”