Accord launches new remortgage deals with no upfront fees

13th March 2017

Accord Mortgages has launched two new fixed-rate mortgages with no upfront fees and added features to help borrowers manage the initial costs of remortgaging.

Available at 65% loan-to-value (LTV), the first remortgage deal is a two-year fix at 1.66%. Available at 75% LTV, the second deal is a five-year fix at 2.24%. Both remortgage deals come with free standard valuation and free legal fees, with no upfront product fee.

The intermediary-only lender, which is part of the Yorkshire Building Society, has also reduced rates across selected 65%, 75% and 80% LTV fixed-rate mortgages by up to 0.1%.

Highlights for remortgage customers include a 1.33% two-year fix and a 1.89% five-year fix, both at 65% LTV with a £995 fee, free standard valuation and free legal fees. Available at 75% LTV is a three-year fix at 1.99%, which has no upfront fee and comes with free standard valuation and free legal fees.

In addition, Accord has reduced the rate by 0.05% to 1.24% on its two-year base-rate tracker at 65% LTV. This mortgage gives borrowers flexibility to exit their mortgages early without paying any early redemption fees.

David Robinson, national intermediary sales manager at Accord, says: “It is proving to be a popular time for borrowers to remortgage at the moment, especially those seeking lower loan-to-value deals.

“We believe that our new remortgage options will prove popular amongst borrowers and the options across the different terms, plus the additional features, will help brokers to choose the best loan to suit their clients’ requirements.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.