This feature allows clients to have the security of being able to switch to a Fixed rate at any point in the initial Tracker period without incurring an early repayment charge. More information on this new feature including FAQs will be on the website from tomorrow.
Abbey for Intermediaries are also launching a new Current Account Exclusive product, 2 year Fixed rate Homebuyer, 70% LTV, 3.59% with a £745 fee. On all 75% LTV 2 year Fixed rate products AFI have now increased the maximum loan size to £1m.
Finally, the charge end dates, benefit end dates and completion deadlines on Abbey for Intermediaries range will move on one month and all the product codes will be replaced on our Fixed rate products.
Full applications on all amended products must be submitted by midnight Tuesday 26th April 2011 in order to secure a booking on these products.