Abbey re-introduces mortgage exclusives for brokers

  • Story by: Emma Ann Hughes
  • Magazine: MortgageAdviser
  • Published Friday , May 02, 2008

Abbey for Intermediaries is to re-introduce mortgage exclusives through its adviser channel after withdrawing them last month to help maintain service levels.

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The exclusives will be offered to a limited number of commercial partners in the first instance.

The products all have a maximum 50 per cent loan-to-value (LTV) and range between 5.76 per cent and 5.81 per cent.

Adrian Whittikar, key accounts director of Abbey for Intermediaries, said: "We made a commitment to intermediaries that we would return with our exclusives range when market conditions allowed. We are now making good on that promise.

"We are calling this a soft launch as we are still not yet in a position where we can handle a massive influx of business that would be generated if we released a full exclusive range.

"More exclusives will become available in time, however reintroducing these products will be a long process and will be largely driven by market conditions.

"This latest move sends out a clear message to all who work with us that not only are we still in the market to lend, but our dedication to the intermediary market remains a key part of our business goal."