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Accord launches five-year fix at 2.59%

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Written by: Emma Lunn
13/10/2014
Accord Mortgages has launched a new range of 65% LTV five-year fixed mortgages.

The intermediary-only lender’s new products will offer borrowers with a 35% deposit the chance to fix their mortgage for five years at a rate of 2.59% with an £845 product fee.

Borrowers looking for a lower product fee can pay £345 and receive a rate of 2.69%.

The new range also includes two five-year fixed rates with £250 cashback and a free standard valuation. Borrowers paying a £845 product fee can fix at 2.79% for five years and those paying a fee of £345 can fix at 2.89%.

David Robinson, Accord Mortgages’ national account manager for residential, said: “With these 65% LTV mortgages we saw a gap in our product range and sought to fill this with great offers for customers looking for fixed-rate deals through intermediaries. We are offering borrowers the opportunity to fix their rate from 2.59% for five years, which we think is an extremely attractive proposition.

“This is part of a wider product launch for Accord which will also see competitive new rates for customers with 15% and 10% deposits.”

Rates at 85% and 90% LTV will be reduced by up to 0.20% on two-year and five-year fixed rate mortgages.

The highlights include:

• Two-year fixed rate 85% LTV at 2.89% with £345 product fee
• Five-year fixed rate 85% LTV at 3.74% with £845 product fee
• Two-year fixed rate 90% LTV at 3.84% with £345 product fee
• Five-year fixed rate 90% LTV at 4.39% with £845 product fee.
These all include £250 cashback and a free standard valuation.
The new products and amended rates are available from today, 13 October.

 

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