You are here: Home - Uncategorized -

Accord launches tracker with no tie-ins

0
Written by:
20/02/2017
Accord launches tracker with no tie-ins

Accord Mortgages, part of Yorkshire Building Society, has launched a new tracker mortgage with no Early Repayment Charges (ERCs).

The new deal, which tracks the Bank of England base rate, is designed to provide homeowners with flexibility to exit their mortgage early without paying an ERC.

The two-year tracker has a 1.29% interest rate, is available to both home buyers and remortgagors with a 35% deposit, and comes with a £995 product fee.

Ben Merritt, mortgage product manager at Accord, said: “The current period of record-low interest rates gives borrowers the opportunity to maximise the money they save on their monthly repayments by overpaying on their home loan.

“Our new tracker allows them to do this with the reassurance that they are not incurring any charges and can switch product at any time without having to pay ERCs – that could be particularly appealing should the Base Rate creep up.”

New fixed deals

The intermediary-only lender has also launched two short-term, fixed rate deals. These include a two-year fix at 1.32% at 65% LTV (loan-to-value), and a 1.62% two-year fix at 85% LTV.

Both mortgages are available to house purchase and remortgage customers and come with a £1,495 product fee plus free standard valuation.

 

Tagged:

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2019-2020

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
Revealed: the capital’s house price hotspot

Hackney in North East London has experienced the fastest growth in house prices in the capital over the past 20...

Close