Accord rolls out new 90% LTV range

Accord is helping borrowers with smaller deposits by launching a selection of new 90% loan-to-value mortgages and reducing rates at this LTV tier by up to 0.23%.

Related topics:  Mortgages
Amy Loddington
13th October 2016
house doors NEW

The intermediary-only lender, which is part of the Yorkshire Building Society Group, has launched a competitive 2.24% two-year fixed rate mortgage at 90% LTV with a £995 fee, which is available to both remortgage and house purchase customers.  

Also on offer is a two-year fixed rate mortgage at 2.32% at 90% LTV which comes with a £995 fee, plus £250 cashback on completion and free standard valuation for purchase customers.

For customers preferring a longer term option the range includes a five-year fix at 2.96% at 90% LTV with a £995 fee. This mortgage is available with free standard valuation and free legal fees for remortgaging borrowers, and £250 cashback on completion and free standard valuation for house purchase customers.

Jemma Anderson, Mortgage Product Manager for Accord Mortgages, said she expected the products to appeal to first time buyers in particular.

She said:

“We think it’s important to ensure that first-time buyers have access to competitive rates, which is why we’ve launched these new mortgages plus cut rates on our 90% LTV bracket.

“We recently removed our mortgage application processing fee, which gives brokers and their clients the assurance that no product fees need to be paid until the mortgage has completed. We hope this, plus the option of added incentives on our 90% LTV mortgages, will help to reduce the upfront costs for first-time buyers looking to get a foot on the property ladder.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.