Mortgages

Accord launches record-low 0.97% mortgage rate

Accord Mortgages has launched a two-year discounted SVR available at 0.97% up to 60% LTV, which is currently the lowest available on the market.

Rozi Jones
|
13th April 2018
calculator rates mortgage house
"It's pleasing we can provide this record-low deal to the intermediary market."

Accord Mortgages has launched a two-year discounted SVR available at 0.97% up to 60% LTV, which is currently the lowest available on the market.

The product is available for purchase and remortgage and comes with a £1,495 fee.

Ben Merritt, mortgage manager at Accord, said: "We're thrilled to be offering the lowest rate currently available on the market at 0.97%.

"We always aim to provide a choice of competitive rates to suit differing borrower needs. Accord has a reputation for offering very competitive rates, so it's pleasing we can provide this record-low deal to the intermediary market.

"This particular deal tracks our SVR. As it is competitively priced it can potentially withstand a number of rate increases before the interest rate exceeds the market average two-year fixed rate at 60% LTV.

"This may be appealing to borrowers who are keeping an eye on rates, but want the benefit of short-term low monthly repayments with the flexibility of exiting their deal at any time at a lower cost than that of our equivalent fixed deals."

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