AfI reduces rates on mortgage range

Nia Williams

September 7, 2012

The lender has also launched a new two-year fix with a rate of 2.79% as a key account exclusive which, AfI said, is available to over 95% of the intermediary market. With a rate of 2.79% and a £995 fee, the product is available to both homebuyers and remortgagers up to 60% LTV. It has a maximum loan size of £1m.

AfI has also launched a two-year fix at 90% LTV to support first-time buyers, with a rate of 5.69% and a £495 fee. The product comes with the Homebuyer Solution, which offers borrowers the added benefits of a free standard mortgage valuation and £250 cashback on completion.

The lender has also launched a new five-year buy-to-let fix within its range for non-professional landlords. The mortgage has a rate of 4.49% and a £1495 fee, which is available up to 60 per cent LTV.

It has also made reductions of up to 1.04% on its buy-to-let range.

The intermediary lender has also introduced a new LTV range at 80% LTV in response to demand from intermediaries. It has launched a two-year fix at 4.19% with a £995 fee, available to both homebuyers and remortgagers with the Homebuyer or Remortgage Solution respectively.

Miguel Sard, managing director of Abbey for Intermediaries, said: “We are pleased to support intermediaries and borrowers with significant rate reductions across our range and the launch of a number of fantastic new deals.

“Our new key account exclusive, offering a market leading rate of 2.79%, is available for more than 95% of the intermediary market to access and we are delighted to offer this great rate as an intermediary channel exclusive.

“With rates coming down across our residential and buy-to-let ranges, and the same great rates now available to both purchase and remortgage customers across our new business range, we expect to see strong demand from intermediaries and their clients for these highly competitive new deals.”

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