Abbey for Intermediaries (AFI) is tomorrow (23 November) launching an intermediary seven day special with a rate of 1.99%, which is available through all Key Accounts until close of business on Thursday 29 November.
The product is a two-year fix with a rate of 1.99% and a £1,495 fee, which is available up to 60% LTV to both homebuyers and remortgagers.
It has a maximum loan size of £500,000.
The product also comes with the Homebuyer or 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.
AFI will also be reducing rates by up to 0.26 basis points on the following buy-to-let deals for non-professional landlords:
- Two-year fix available up to 75% LTV, rate reduced by 0.26 basis points to 3.89% with a £1,495 fee
- Two-year fix available up to 60% LTV, rate reduced by 0.20 basis points to 2.89% with a 2.5% fee
- Two-year fix available up to 60% LTV, rate reduced by 0.20 basis points to 3.49% with a £1,495 fee
- Five-year fix available up to 60% LTV, rate reduced by 0.10 basis points to 4.39% with a £1,495 fee
The reductions to AFI’s buy-to-let range follow AFI’s reduction in the minimum property value for a buy-to-let application from £100,000 to £75,000 on Wednesday 21 November.
“We are delighted to support the intermediary market with this market leading all Key Account exclusive, which is available to more than 95% of the intermediary market,” said Miguel Sard, AFI’s managing director .
“With a fantastic rate of 1.99% and available to both homebuyers and remortgagers up to 60% LTV, we expect this great rate to be snapped up within the next seven days.
“We are committed to supporting the intermediary market with great products and service, and we have also reduced rates again on our buy-to-let range. With these deals also available exclusively through the intermediary market, we expect there to be strong demand from intermediaries and their clients.”