Abbey launches 2-year fixes

The mortgages will be available through its key account partners, offering a rate of 3.54% and available up to 70% LTV to both homebuyers and remortgagers respectively.

The products, which have a maximum advance of £550,000 and a fee of £1,995, come with a free valuation and £250 cashback on completion for homebuyers, and a free valuation and free legals for remortgagers.

Available to all 21 of AfI’s key account partners, it is estimated that over 90% of the intermediary market will be able to access these products.

Adrian Whittaker, key accounts director at Abbey for Intermediaries said: "Our new two-year fixes have been designed to appeal to borrowers with a larger than average loan size who are looking to lock into a highly competitive fixed rate. Available up to 70 per cent LTV to both homebuyers and remortgagers, the accessibility of these products means they are likely to prove popular with intermediaries and borrowers alike.”