Accord improves high LTV proposition

Published on

Accord Mortgages has introduced a new 10-year fixed rate mortgage.

Homebuyers with a 25% deposit can benefit from a rate of 2.49% with free standard valuation and a £495 product fee. The 10 year fixed is available to remortgage customers too.

Accord has also improved its rates at 90% and 95% loan to value (LTV) to support borrowers with smaller deposits. Selected five year fixed rates at 90% have been reduced by up to 0.10 percentage points as have selected two and five year fixed rates at 95%.

Highlights of the new 90% LTV product range include a five year fixed rate at 2.53% with £1,000 cashback, free standard valuation and £495 product fee for those purchasing a property.

Borrowers with 10% equity looking to remortgage can now get a five-year fixed rate of 2.55%. This mortgage comes with a £495 product fee, £1,000 cashback, free legal assistance and free standard valuation.

For those buying a new home, highlights of the new 95% LTV product range offering £1,000 cashback, free standard valuation and £495 product fee include:

  • Two-year fixed rate at 3.12%
  • Five-year fixed rate at 3.42%

Accord has also reduced rates for remortgage customers with 5% equity, with a fee-free two year fixed rate now available at 3.47% with £500 cashback, free legals and free valuation.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “It’s a pretty uncertain time at present, so we’re delighted to launch the new 10 year fixed rate which we hope will offer brokers with clients seeking stability a product which enables them to manage their longer term finances.

“We’re continually reviewing the range based on broker feedback and as a result, to assist borrowers with a smaller deposit we’ve improved our higher LTV rates as well as offering £1,000 cashback and free standard valuation to help manage the costs of moving house.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Newcastle for Intermediaries cuts mortgage rates

Newcastle for Intermediaries has cut rates across its residential mortgage range, reducing pricing by...

Peace of mind matters more than price in home insurance, research finds

A new study by general insurance provider Paymentshield has found that nearly half of...

Mortgage applications rise as lenders drive competition, says Stonebridge

Mortgage applications rose 7% year-on-year in October as borrowers continued to respond to falling...

Brokers report surge in limited company buy-to-let demand

Three-quarters of brokers have seen growing demand for limited company buy-to-let products over the...

Affordability concerns dominate as brokers ramp up criteria searches

Lenders made more than 5,200 criteria updates in October, according to Knowledge Bank’s latest...

Latest publication

Other news

Newcastle for Intermediaries cuts mortgage rates

Newcastle for Intermediaries has cut rates across its residential mortgage range, reducing pricing by...

Peace of mind matters more than price in home insurance, research finds

A new study by general insurance provider Paymentshield has found that nearly half of...

Mortgage applications rise as lenders drive competition, says Stonebridge

Mortgage applications rose 7% year-on-year in October as borrowers continued to respond to falling...