AFI unveils NewBuy offering

Abbey for Intermediaries (AFI) has launched a range of NewBuy mortgages via intermediaries.

The deals are in conjunction with house builders Barratt Homes, Berkeley, Bovis Homes and Persimmon.

The NewBuy range offers three, five and seven-year fixed rate deals starting from 5.49% with a fee of £99, and are available between 90% and 95% LTV.

All products come with the Homebuyer Solution, which includes a free standard mortgage valuation plus £250 cashback on completion.

The range includes the following products:
Three-year fix at 5.49% with a £99 fee
Five-year fix at 5.49% with a £99 fee
seven-year fix at 5.99% with a £99 fee
“The range is designed to meet the needs of both first-time buyers looking to buy their first home and movers with smaller deposits, and is available exclusively though intermediaries who have been nominated by our developer partners,” said Miguel Sard (pictured), AFI’s managing director.

“We expect there to be strong demand from intermediaries and their clients for these great deals, which also offer the added benefit of our Homebuyer Solution,” he added.