Abbey launches loyalty loans

The new products being launched include:

• A two year, 75% LTV, tracker mortgage at 2.99% with no booking fee – including the Homebuyer solution

• A two year, 75% LTV, fixed rate mortgage at 4.24% with no booking fee – including the Homebuyer solution

In addition, if a customer has less than six months remaining until the product expiry date, they can take any product from the current new business range and Abbey for Intermediaries will waive the ERC if they borrow at least the same amount as their existing mortgage balance.

Adrian Whittaker, key accounts director at Abbey for Intermediaries, said: “We are one of the only lenders to offer this range of products. We are keen to remind customers that loyalty can have its benefits when moving home. Our new proposition is based on the idea that homebuyers don’t have to move lenders to get the best mortgage deal.”

For more information on the new range intermediaries can contact their local sales team or visit the website