Borrowers with a 35% deposit can get a two-year fixed rate mortgage at 1.64% with a £345 product fee from the intermediary-only lender, which is part of the Yorkshire Building Society Group.
Alternatively, they can take advantage of incentive products with a rate of 1.79%, fixed for two years, and a £345 product fee, £250 cashback on completion and free standard valuation. This is available to borrowers looking for 65% loan-to-value mortgages.
Rate reductions are also being made on five-year fixed rate mortgages for borrowers with a 35% deposit looking for a secure rate over a longer term.
Highlights include:
- 2.44% five-year fixed rate with an £845 product fee
- 2.54% five-year fixed rate with a £345 product fee
- 2.64% five year fixed rate with an £845 product fee, £250 cashback on completion and free standard valuation
- 2.74% five-year fixed rate with a £345 product fee, £250 cashback on completion and free standard valuation
David Robinson, National Intermediary Sales Manager at Accord Mortgages, said:
“It is always good news when we are able to announce the launch of highly competitive mortgages like these. We are sure the rates will prove attractive to brokers and we are keen to offer value for money to our customers with incentives like cashback on completion. The five-year rate reductions will appeal to borrowers looking for the security of a fixing their mortgage repayments a competitive rate for a longer period.”
Additionally, Accord reducing rates on its five-year fixed rate buy-to-let mortgages by up to 0.30%.
The newly launched mortgages range from 60% to 75% loan-to-value and include incentives such as cashback on completion and free standard valuations.
Landlords with a 25% deposit taking out a mortgage with Accord, part of the Yorkshire Building Society Group, can now get a five-year mortgage with a fixed rate of 3.84% with an £800 product fee and £500 cashback on completion.
Other highlights of the five-year range include:
- 3.29% fixed rate at 60% LTV with a £2,495 product fee and £500 cashback on completion
- 4.04% fixed rate at 75% LTV with a £195 product fee and £500 cashback on completion
- 4.04% fixed rate at 75% LTV with a £195 product fee, £300 cashback on completion and free standard valuation
- 3.69% fixed rate at 75% LTV with a £2,495 product fee and £500 cashback on completion.
Rates will also be reduced on two and three-year fixed rate mortgages, including:
- 2.84% two-year fixed rate mortgage at 60% LTV with a £195 product fee £300, cashback on completion and free standard valuation
- 2.64 two-year fixed rate mortgage at 60% LTV with an £800 product fee and £500 cashback on completion.
- 2.89% three-year fixed rate mortgage at 65% LTV with an £800 product fee and £500 cashback on completion
- 3.24% three-year fixed rate mortgage at 75% LTV with an £800 product fee and £500 cashback on completion.
Chris Maggs, Commercial Manager at Accord Buy-To-Let, said:
“Brokers and landlords are looking for the security of a five-year fixed rate mortgage with a competitive rate, which is what we’re offering with these reductions. We also hope the added incentives such as cashback on completion and free standard valuations will prove popular with brokers and landlords looking to get the most from a mortgage.”
