AfI launches high LTV loans with no fee
The mortgages comprise:
• Two-year fix with a rate of 3.79% and no fee, available up to 85% LTV to both homebuyers and remortgagors
• Two-year fix with a rate of 4.49% and no fee, available up to 90% LTV to first-time buyers only.
Both products come with the added benefit of either the Homebuyer Solution or for the remortgage product, the Remortgage Solution. 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.
Abbey for Intermediaries is also launching a two-year fix with a rate of 2.14% and a £1,249 fee available exclusively through all Key Accounts. The product is available up to 70% LTV to both homebuyers and remortgagors. The product has a minimum loan size of £200k and also comes with the Homebuyer or Remortgage Solution.
Commenting, Miguel Sard, managing director of Abbey for Intermediaries, said: “We are pleased to support borrowers with a higher LTV with the launch of these two new best-buy deals
“We are committed to supporting the intermediary market and our Key Account exclusive, offering a best-buy rate, is available through all our Key Accounts partners.”