Accord lowers mortgage rates
Borrowers with a 20% or 35% will have access to the new range, with rates starting from 1.64%. Cashback and free valuation are also included with these discounted products.
The lender has also reduced rates across its whole two-year fix range for borrowers with a 10% deposit.
Accord is the intermediary arm of Yorkshire Building Society, meaning its products are only available through mortgage brokers and other intermediaries.
New products include:
– 1.64% two-year fixed rate mortgage at 65% loan-to-value with an £345 product fee
– 1.89% two-year fixed rate mortgage at 80% loan-to-value with a £345 product fee
– 1.99% three-year fixed rate mortgage at 65% loan-to-value with a £845 product fee
– 2.34% three-fixed rate mortgage at 80% loan-to-value with a £845 product fee
All of its new deals come with an offer of £250 cashback on completion, plus free standard valuation.
David Robinson, national intermediary sales manager at Accord, said the deals would prove popular with borrowers looking to fix their mortgage.
“We hope that the combination of competitive short-term rates, and the added incentive of cashback on completion and free standard valuation will benefit borrowers looking to buy a new home,” he said.