Afi extends ‘exclusive’ fix loans to Openwork and Paradigm
Abbey for Intermediaries has extended the availability of its three-year fix at 2.99 per cent and five-year fix at 3.49 per cent to four more “key account partners”, namely Openwork, Connells, Paradigm and Legal & General.
This takes the number of firms able to access the loans to 11, alongside Intrinsic, Tenet, Sesame Bankhall Group, Countrywide, SimplyBiz, LSL Group and London & Country.
The three-year fix has a rate of 2.99 per cent and the five-year fix has a rate of 3.49 per cent. The products are available to both homebuyers and remortgagers up to 60 per cent LTV and they have a £1,495 fee.
The products come with the homebuyer or remortgage solution. The former offers borrowers a free standard mortgage valuation and £250 cashback on completion, while the latter offers a free standard mortgage valuation and either free legals or £250 cashback on completion.
The fees can be added to the loan and the maximum loan size on all products is £550,000.
In addition, these key accounts will now also be able to access Afi’s two-year homebuyer and remortgage fix at 3.29 per cent, which is available up to 70 per cent LTV with a £995 fee to all of the above key account partners.
Miguel Sard, managing director of Abbey for Intermediaries, said: “We are delighted to make these fantastic deals available to even more of our key account partners and their clients.
“We’ve seen strong demand for these fixed rate products since their launch and we are pleased to support the intermediary market by increasing their availability even further.”