Abbey for Intermediaries launches high-LTV mortgages

Abbey for Intermediaries is today launching two new high loan-to-value mortgages.

The new products include a two-year fixed rate of 3.79 per cent available up to 85 per cent LTV for homebuyers and remortgagers and a two-year fixed rate of 4.49 per cent available up to 90 per cent LTV to first-time buyers only. Neither of the new products carries an initial fee.

Abbey for Intermediaries is also launching a two-year fixed rate of 2.14 per cent with a £1,249 fee through its Key Accounts, available up to 70 per cent LTV to homebuyers and remortgagers with a minimum loan size of £200,000.

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Miguel Sard, managing director of Abbey for Intermediaries, said: “We are pleased to support borrowers with a higher LTV with the launch of these two new best-buy deals.”

Earlier this week, Santander announced it is to scrap the Abbey for Intermediaries brand from next Wednesday (17 July). The distribution channel for financial advisers will be renamed Santander for Intermediaries.