AfI launches exclusive and cuts rates

The exclusive product is a two-year fix at 3.09%, available up to 60% LTV. It has a fee of £995 and a maximum loan size of £550K, and comes with the Homebuyer Solution, which offers borrowers the added benefits of a free basic mortgage valuation and £250 cashback on completion.

Available to AfI’s 18 leading distributors, it is estimated that over 90% of the intermediary market will be able to access it.

Following last week’s rate reductions, the intermediary lender will also reduce rates again on Friday, by up to 0.25% across a selection of its 80% LTV products.

The new rates include a two-year fix for homebuyers at 4.70%, which comes with the Homebuyer Solution, and a two-year fix for remortgagers at 4.75%, which comes with the Remortgage Solution.

AFI will also be reducing rates on its two-year tracker offering at 80% LTV by up to 0.19%. The new rates include a two-year tracker for homebuyers at 3.75% and a two-year tracker for remortgagers at 3.80%. The products also come with the Homebuyer and Remortgage Solutions respectively.

Adrian Whittaker, key accounts director at Abbey for Intermediaries, said: “These latest changes to our range demonstrate our ongoing commitment to offering highly competitive products through the intermediary market. By reducing rates at 80% LTV and launching a best buy key account exclusive, which is available to over 90% of the intermediary market, we are pleased to support the needs of both intermediaries and their clients.”