Abbey cuts rates on fixes and trackers

This new range of products includes:

• 2 year Tracker Remortgage product, 70 per cent LTV, at 2.53 per cent (BBR+2.03 per cent) with a £1,495 fee

• 2 year Tracker Remortgage product, 70 per cent LTV at 2.73 per cent (BBR + 2.23%) with a £495 fee

• 2 year Fixed rate Homebuyer and Remortgage products, 75 per cent LTV, at 3.99 per cent with a £495 fee

Also, to continue to have access to some of the most competitive mortgages available, the following products are being launched this week:

• 2 year fixed rate, 75 per cent LTV core product at 3.65 per cent with a £995 fee

• 2 year tracker, 70 per cent LTV Homebuyer product at 2.59 per cent (BBR + 2.09 per cent) with a £995 fee

AfI is also reducing the rates on a number of fixed and variable products by up to 0.60 per cent, including:

• 2 year fixed rate, Homebuyer and Remortgage products, 75 per cent LTV, down by 0.24 per cent to 3.75 per cent with a £995 fee

• 3 year Fixed rate, Homebuyer and Remortgage products, 75 per cent LTV, down by 0.60 per cent to 4.39 per cent with a £995 fee

Adrian Whittaker, key accounts director, Abbey for Intermediaries, said: “We understand that brokers are after the opportunity to offer their clients a wider range of options on fees and rates to suit their circumstances, that is why we are launching new high and low fee options on a number of our fixed and tracker rate products to meet the needs of more borrowers.”