AfI launches new tracker mortgages

Andrew Goldsmith

March 3, 2010

The new products, available to homebuyers only, are:

2 year tracker mortgage at 70 per cent LTV at 2.49 per cent with a £1,495 fee

2 year tracker mortgage at 70 per cent LTV at 2.69 per cent with a £495 fee

2 year tracker mortgage at 80 per cent LTV (Homebuyer) at 3.94 per cent with a £995 fee

2 year tracker mortgage at 80 per cent LTV (Remortgage) at 3.94 per cent with a £1,495 fee

In addition, Abbey for Intermediaries is also reducing the rate on its 80 per cent LTV, two year fixed rate homebuyer product, by 0.04 per cent to a market leading 4.95 per cent, as well as making the following changes to its Key Account Exclusive range:

2 year fixed mortgage at 70 per cent LTV (Homebuyer) down by 0.10 per cent to 3.59 per cent with a £995 fee

2 year fixed mortgage at 70 per cent LTV (Remortgage) down by 0.05 per cent to 3.64 per cent with a £995 fee

There is also good news for existing current account customers who can also benefit from a 0.10 per cent cut in rates and get a two year fixed mortgage at 70 per cent LTV at 3.49 per cent with a £995 fee.

Ricky Okey, Managing Director at Abbey for Intermediaries said: “We are able to write one in five mortgages in the UK because of our focus on ensuring that we consistently deliver market leading rates to the intermediary channel. At this time of year, with spring approaching, keeping an ongoing review of our product range is a key part of our strategy to support the broker community during what is traditionally a popular time of the year for home purchases”.

For more information on the new range intermediaries can contact their local sales team or visit the website www.abbeyforintermediaries.com.

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