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

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...

Broker confidence holds steady as mortgage market cools

Confidence among mortgage brokers held firm in the second quarter of the year despite...

The Suffolk cuts expat mortgage rates amid rising demand

Suffolk Building Society has cut rates across its expat mortgage range, with reductions of...

ModaMortgages unveils eight new limited edition deals

ModaMortgages has expanded its buy-to-let range by launching eight limited edition products at 80%...

Latest publication

Latest opinions

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Other news

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...