Accord helps FTBs with 0.40% rate reduction

Accord Mortgages has increased the support it lends to first time buyers and people with smaller deposits.

Related topics:  Mortgages
Amy Loddington
25th February 2013
Mortgages
It has launched a series of new 90% loan-to-value residential mortgages with rates up to 0.40% lower than the products they are replacing.

New products include:

- 2 year fixed rate at 4.14% with £995 product fee

- 2 year fixed rate at 4.34% with £495 product fee and remortgage / purchase package

- 5 year fixed rate at 4.44% with £995 product fee

The range, which is available for house purchase or remortgage, includes products offering cashback on completion of up to £250 and valuation assistance.

Jemma Smith, Accord Product Manager, said:


"These are very competitive rates which will appeal to people with smaller deposits.

"We try to support all types of borrowers across the various loan-to-value levels and first time buyers in particular should really benefit from these new mortgages.”
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