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AFI launches 3.74pc five year fix

Nia Williams

April 12, 2013

The five-year fix has a £995 fee, is available to both homebuyers and remortgagers, and is offered up to 80% LTV.

The lender has also cut rates across its range, with the new deals on offer including:

 Two-year fix with a rate of 2.74% and a £995 fee, available up to 75% LTV

 Two-year fix with a rate of 3.19% and no fee, available up to 75% LTV

 Three-year fix with a rate of 1.99% and a 2.5% fee, available up to 70% LTV

 Three-year fix with a rate of 2.59% and a £995 fee, available up to 70% LTV

 Three-year fix with a rate of 2.99% and a £995 fee, available up to 75% LTV

 Three-year fix with a rate of 3.19% and no fee, available up to 70% LTV

 Two-year tracker with a rate of 2.74% (BBR + 2.24%) and a £995 fee, available up to 75% LTV

 Two-year tracker with a rate of 3.19% (BBR + 2.69%) and no fee, available up to 75% LTV

All of these products are available to homebuyers and remortgagers, and 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.

AFI has also reduced rates on its loyalty range for existing movers which also offer the added benefits of the Homebuyer Solution:

 Two-year fix with a rate of 2.69% and a £995 fee, available up to 75% LTV

 Three-year fix with a rate of 2.94% and a £995 fee, available up to 75% LTV

 Two-year tracker with a rate of 2.69% (BBR + 2.19%) and a £995, available up to 75% LTV.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are pleased to support intermediaries and their clients with further rate reductions across our range.

“In addition, we have also launched a new best buy five-year fix at 80% LTV which is designed to appeal to borrowers who are looking to lock into a fantastic rate for the longer term.”


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