"A lot of borrowers are attracted to a headline low rate but the size of their loan will determine which deal costs them the least overall"
From today, the new two-year fixed rate mortgages will provide borrowers with lower fee options across 65%, 75%, 80% and 85% loan-to-values.
There is a 1.47% two-year fix with a £495 fee available to both house buyers and remortgage customers with a 25% deposit, which includes free standard valuation. Alternatively remortgage customer can also benefit from a 1.48% two-year fix at 75% which comes with £250 cashback on completion and free standard valuation plus a £495 product fee.
In addition Accord has made rate reductions on a range of 65%, 75%, 80% and 85% LTV mortgages by up to 0.18%. New rates include a two-year fix at 1.58% up to 85% LTV with a £995 product fee, £250 cashback on completion and a £995 fee.
David Robinson, National Intermediary Sales Manager at Accord, said: “Rates continue to remain low for borrowers and we’re helping to ensure those borrowers seeking to pay lower fees are also benefiting.
“A lot of borrowers are attracted to a headline low rate but the size of their loan will determine which deal costs them the least overall, which is something their broker can help them with.
“Our fixed rate mortgages – particularly the two year options - have been popular with borrowers looking for low-fee products and our new offerings also come with added features such as cashback on completion or free valuation, which can help to keep down costs even further.”
