AFI adds to product range

The products include two new deals for borrowers with a higher LTV and a four-year fix for loyal movers.

The lender is launching a two-year fix with a rate of 4.99% and a fee of £995, available up to 85% LTV to homebuyers.

It is also launching a new three-year fix for homebuyers up to 90% LTV, offering a rate of 6.89% and an upfront fee of £995.

Both products come with the Homebuyer Solution, offering borrowers the added benefits of a free basic mortgage valuation and £250 cashback on completion.

AFI has also added a four-year fix to the Abbey Loyal Movers range. The product, which is available up to 75% LTV, has a rate of 4.75% and a £495 fee, and comes with the Homebuyer Solution.

The lender has extended its two-year fix at 3.90%, available up to 75% LTV and with no fee, to the entire intermediary market. The product is available to homebuyers and comes with the Homebuyer Solution.

In addition, AFI has made its two-year fix at 3.57%, with a fee of £995 and available up to 75% LTV, available to all key accounts. The product is available to homebuyers and comes with the Homebuyer Solution. And it has reduced the rate on its Homebuyer Plus two-year fix by 0.20%, to 3.19%.

Commenting, Alan Mathewson, managing director of Abbey for Intermediaries, said: “We are committed to helping intermediaries find the right product for their client’s needs and these latest changes are designed to support homebuyers, including those at the higher LTV end of the market. And at a time when many borrowers are looking for the peace of mind provided by a fixed rate mortgage, we are delighted to reward our existing customers with a new four-year fix available up to 75% LTV.”