Abbey to launch new mortgage products

Abbey for Intermediaries are making some changes to their mortgage range with effect from 1st June 2010.

Related topics:  Mortgages
Millie Dyson
28th May 2010
Mortgages
Aimed at helping customers who need to borrow more than 550k at 75% LTV, the new products are as follows:
 
- 2 year Fixed rate Homebuyer and Remortgage products, 3.55% with a 1,995 fee and maximum loan size 750k

- 2 year Tracker rate Homebuyer and Remortgage products, 2.70% (BBR +2.20%) with a 1,995 fee and a maximum loan size of 750k

The completion deadlines on our Homebuyer and Core products will move to 30th November 2010 and on Remortgage products to 30th September 2010.

From midnight Monday 31st May 2010 all the product codes on AFI's current Fixed rate range will be replaced. Full applications must be submitted by this time in order to secure a booking on these products.

The following products will be WITHDRAWN and NOT replaced:
 
- 75% LTV, 2 year Fixed rate Homebuyer (N018H)

- Remortgage (N018R) products, 3.99% with a 495 fee.
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