Abbey are launching the following new 2 year products:
- Fixed rate First Time Buyer, 85% LTV, with a competitive rate of 4.99% and a £495 fee
- Fixed rate Core, 60% LTV, 2.99% with a £995 fee
- Tracker Homebuyer Plus, 70% LTV, 2.59% (BBR + 2.09%) with a £995 fee
Following feedback from intermediaries they are also extending our large loan percentage booking fee products by launching two new remortgage products as follows:
- 2 year Fixed rate, 70% LTV, 3.24% with a 0.40% fee, maximum loan size £2m
- 2 year Tracker, 70% LTV, 2.85% (BBR + 2.35%) with a 0.40% fee, maximum loan size £2m
Abbey are also withdrawing the following products:
- 2 year Fixed Core product, 70% LTV, 2.89% with a £995 fee
- 3 year Fixed rate First Time Buyer product, 85% LTV. 5.69% with a £495 fee
- 3 year Fixed rate Homebuyer Plus product, 85% LTV, 5.69% with a £995 fee
The charge end dates for all Abbey products and the completion deadline dates on Homebuyer and Core products will move on one month. The completion deadline dates on Remortgage products will move on two months. All the fixed rate product codes will be replaced.
Full applications on amended and withdrawn products must be submitted by midnight Thursday 27th January 2011 in order to secure a booking on these products.