Accord launches 1.74% 2-year fix

Accord Mortgages has reduced its residential rates by up to 0.15% across its two-year fixed rate range, with some mortgages including £250 cash back on completion and a free standard valuation.

Related topics:  Mortgages
Amy Loddington
27th November 2014
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Borrowers with deposits from 5% to 35% can take advantage of the reductions, from Yorkshire Building Society Group’s intermediary-only lender, which launched yesterday.

There are reductions of 0.10% on selected mortgages at 65% LTV, with rates including a 1.89% two-year fixed rate mortgage with a £345 product fee, free standard valuation and £250 cash back on completion, and a 1.74% two-year fixed rate mortgage with a £345 product fee.

At 75% LTV, rates have also been reduced by 0.10% with customers being offered: a 1.79% two-year fixed rate mortgage with a £845 product fee; a 1.84% two-year fixed rate mortgage with an £845 product fee, free standard valuation and £250 cash back on completion; and a 1.94% two-year fixed rate mortgage with  a £345 product fee, free standard valuation and £250 cash back on completion.

A number of intermediary-only rates have been reduced by 0.15% - a 2.19% two-year fixed rate mortgage with a £345 product fee, free standard valuation and £250 cash back on completion and a 2.09% two-year fixed rate mortgage with an £845 product fee, free standard valuation and £250 cash back on completion.

At 85% LTV, mortgage rates have also been reduced by 0.15%, with the range including two-year fixes from 2.34%.

There are also rate reductions of 0.10% on 90% LTV two-year fixed rate mortgages and 0.05% on 95% LTV two-year fixed rate mortgages.

David Robinson, National Account Manager at Accord Mortgages, said:

“We are always looking for ways to offer homebuyers and brokers choice and value across our range. The changes include popular incentives such as cash back and free standard valuations, which complement the high standard of customer service and competitive mortgage rates you’d expect from Accord.

“We believe these changes provide borrowers with a wide range of competitive options and prove extremely popular with brokers.”

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