New 90% Mortgage Deal From Abbey For Intermediaries

Abbey for Intermediaries is offering a new 90% mortgage which will be available through mortgage brokers.

The two year fixed rate 90% mortgage costs a £599 fee, at a rate of 6.19% along with the Homebuyer Solution.

There is also a three year fix rate 90% mortgage at a £495 fee, at a rate of 6.89% and also comes with the Homebuyer Solution.

Homebuyer Solution includes a free basic mortgage valuation and £250 cashback on completion.

Alan Mathewson, managing director of Abbey for Intermediaries, says: “We are committed to supporting the housing market and first-time buyers, and expect there to be strong demand from intermediaries and their clients for this highly competitive new deal.

“Borrowers looking to take advantage of a longer-term fixed rate will also be able to benefit from the £500 fee reduction on our three-year fix.”

At a rate of over 6% it doesn’t look like a particularly attractive product.

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