Boost for Abbey for Intermediaries
This is an intermediary channel exclusive and is available to over 95% of the intermediary market.
Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to see such strong demand from our intermediary partners for our fantastic new fixed and tracker deals.
“In particular, our all key account exclusives have been extremely popular with both homebuyers and remortgagers looking for a market leading rate in today’s challenging economic conditions.
“With an average time to offer across our range of just 10 days, intermediaries and their clients are also benefiting from great service when placing residential and buy-to-let cases with us.”
The 2-year fix has a £995 fee and is available to both homebuyers and remortgagers up to 60% LTV. It has a maximum loan size of £1m.
Fahim Antoniades, group director at London-based broker Mortgage Centre IFA, said: “The fact that this product is exclusive to the intermediary market shows that Abbey is committed and is a welcome move.
“The rate is extremely competitive and it’s a good thing that we have access to deals like this which gives us a chance to compete with the direct deals.”
And he added: “It’s a good all round proposition for the mortgage market. It is a good sign that Abbey are hungry to for more business.”