Abbey cuts fixed product rate

The two-year fixed rate product at 60% LTV is now available at 3.39% with a £1,995 booking fee for both purchases and remortgages.

With the product available to all 21 of AFI key account partners, it is estimated that over 90% of the intermediary market will be able to access it.

As well as cutting the rate on its key account exclusive, AFI has launched a new two-year fixed rate at 3.65% with a £995 booking fee at 70% LTV, which is available to homebuyers and offers a free valuation and £250 cashback on completion.

Adrian Whittaker, key accounts director at AFI, said it was committed to offering intermediaries a wide range of competitive mortgage deals to help best meet the needs of its clients.

He explained: "With so many great fixed rates available from AFI, now is the time for borrowers looking for the security of a fixed rate to take advantage of the low rates on offer and lock in to guarantee certainty of their monthly payments."