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Abbey launches 85% LTV deal for FTBs

Abbey for Intermediaries has launched a new three-year fix at 85% LTV exclusively for first-time buyers.

The deal has a 5.69% rate with a £495 fee and comes with Abbey’s Homebuyer Solution.

It is also increasing the LTV on its two-year fix for homebuyers from 60% to 70%, while keeping the same 2.99% rate.

The product has a £995 fee and comes with the Homebuyer Solution.

It has also reduced the fee on its two-year fix at 2.99%, available up to 70% LTV exclusively to Current Account holders, to £495.

Alan Mathewson, managing director of Abbey for Intermediaries, says: “Our latest rate cuts demonstrate our ongoing commitment to supporting intermediaries by consistently offering highly competitive mortgages to help them meet the needs of their clients.

“As well as cutting rates by up to 0.20%, we have also launched a number of new deals, including an exclusive first-time buyer mortgage to support borrowers trying to buy their first home.”

The lender is also reducing its rates by up to 0.20% on a selection of its two and three-year fixed and tracker products on deals up to 75% LTV.

And it has also reduced its core two-year fix at 70% LTV by 0.20% to 2.89% with a £995 fee.

The product is available to both homebuyers and remortgagers.


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