Accord launches five-year offset range

Accord Mortgages has launched a range of new five-year offset mortgages for borrowers who are looking to reduce their repayments or pay off their home loan early.

Related topics:  Mortgages
Rozi Jones
14th December 2016
David Robinson YBS
"Higher and additional tax payers can also benefit from an offset, as they will avoid paying tax on interest earned on their savings."

The new range includes a 2.49% offset at 75% LTV, 2.59% option at 80% LTV, and 2.69% deal at 85% LTV, all with a £995 product fee.

Last month Accord’s offset mortgages became manageable online, giving borrowers direct access to their balance and statements and the option to transfer money and set up standing orders.

David Robinson, National Intermediary Sales Manager at Accord, said: “The demand for offset mortgages is increasing, especially as savings rates are offering such low returns.  

“Offsets can be a great option for all types of borrowers, particularly those with a large amount of savings and people with irregular incomes or who benefit from bonuses. Higher and additional tax payers can also benefit from an offset, as they will avoid paying tax on interest earned on their savings.

“We’re constantly developing our offset offerings, for instance we recently simplified the way customers can manage their accounts by improving online access, to provide attractive options for brokers and borrowers who are hoping to reduce their home loan.”

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