AFI launches broker only mortgages

The two year fixed rate mortgage is at 70% LTV and 3.65% with a £995 booking fe. It will be available to both homebuyer and remortgage customers with an Abbey bank account.

It is estimated that over 90% of the intermediary market will be able to access these products as they are available through all 21 of AfI's key account partners.

Ricky Okey, managing director of AfI, said: "We are keen to demonstrate that we are willing to think innovatively when it comes to product design and we expect the market to respond well to this new proposition."

Sally Laker, managing director of Mortgage Intelligence, said: "This product makes a great addition to any adviser's client offerings, enabling them to benefit from a holistic approach to their mortgage and finances plus have access to an extremely competitive rate".

AfI has also made changes to the design of its affordability calculator and how it is used through the introducer part of its website in response to broker feedback.

Okey added: "We wanted them to become more user friendly and ensure that they are more closely linked to our lending criteria and offer even more accurate and robust decisions. We believe these changes will be more in tune with the needs of the broker."