TMA offers semi-exclusive Abbey two-year fix

The semi-exclusive bank account holder deal released by Abbey for Intermediaries consists of a two-year fixed rate product with a rate of 3.65 until 2 January 2012. After that date, it will revert onto Abbey's standard variable rate which currently stands at 4.24%.

It is available for all customers with a LTV of up to 70% and a maximum loan size of £1m. The product comes with a total booking fee of £995 with a completion deadline of 29 January 2010.

The new product will be available to both homebuyer and remortgage customers who have a bank account with one or more active direct debits and a regular minimum deposit of £1,000 per month.

The mortgage club will also offer a number of re-priced semi-exclusive tracker deals from Alliance and Leicester (A&L). The trackers consist of a homebuyer mortgage which is priced at 3.09%- 2.59% above base rate and a remortgage deal priced at 3.19% - 2.69% above base rate. Both deals have a 75% LTV and a booking fee of £995.

Phil Whitehouse, head of TMA, commented: "We are seeing a slight increase in the amount of exclusive and semi-exclusive deals being released by lenders via their key accounts and this has to be a positive sign for the intermediary market."