Miguel Sard, managing director of AfI, said: “The products are fee free and come with the benefit of our homebuyer or remortgage solution, helping to reduce upfront costs for those buying or remortgaging.”
Key features:
• Two-year fixed rate of 3.79 per cent, no fee, available up to 85 per cent LTV for homebuyers and remortgagers
• Two-year fixed rate of 4.49 per cent, no fee, available up to 90 per cent LTV for first-time buyers only
• Homebuyer solution offers a free standard mortgage valuation and £250 cashback on completion
• Remortgage solution offers a free standard mortgage valuation with either free legals or £250 cashback on completion
IFA VERDICT:
Jane King, adviser for London-based Ash Ridge Asset Management
“These two products not only have competitive rates but the free valuation and cashback, especially for purchasers, make them market-leading deals. I have been recommending Abbey’s high LTV mortgages for some time and with these rates I will continue to do so.”
