Accord launches new cut-rate remortgage products

14th August 2017

Accord Mortgages has reduced mortgage rates at most loan-to-values (LTVs) and introduced a new three-year option at 85% LTV.

The intermediary-only lender, which is part of Yorkshire Building Society, has reduced mortgage rates by up to 0.12%.

Highlights of the updated mortgages include a two-year fixed-rate deal at 1.37% up to 65% LTV for house purchases, with a £995 product fee. A new fee-free three-year fixed rate mortgage is available at 2.29% for borrowers looking to buy a new home with a 15% deposit. Both mortgages come with £500 cashback on completion and free standard valuation.

For those looking to guarantee their rate for longer, the mortgage lender is offering a five-year fix at 2.12% for house buyers and remortgage customers at 85% LTV with a £995 fee.

David Robinson, national intermediary sales manager, said: “We always try to offer brokers and borrowers a range of options and good, long-term value for money. By making these reductions and launching mortgages, we are increasing the choice brokers can offer their clients.

“As well as the product we’ve launched today, we also have mortgages with no upfront fees for those who want to minimise the costs of moving or remortgaging.”