"With reduced rates, the ability to significantly overpay without penalty and options available on an interest-only basis, offset mortgages could provide additional options for brokers"
High-LTV mortgages have seen reductions of up to 0.20%, with 90% LTV two-year fixed rates now starting at 2.04%.
A fee-free five-year fixed rate of 2.78% is also available with £1,000 cashback and free standard valuation.
At 95% LTV, a two-year fixed rate is available at 3.18% for house purchases with £1,000 cashback, free standard valuation and a £495 completion fee.
The lender has also strengthened its offset mortgage range, with rates now starting at 1.99% for a two-year fixed rate remortgage at 75% LTV. The product comes with £250 cashback, free standard valuation and free legal fees, with a £995 completion fee.
Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’re confident our new mortgage range will be welcomed by brokers whose clients have smaller deposits, and with our 95% range of remortgages available for capital raising too they could also benefit people looking to improve their home rather than move.
“While offset mortgages may not suit all borrowers and therefore cases may be few and far between for brokers, we do still see appetite for them in the market, in particular for those who could afford to repay on a capital and interest basis, but choose only to repay the interest.
“With reduced rates, the ability to significantly overpay without penalty and options available on an interest-only basis, offset mortgages could provide additional options for brokers whose clients have savings, to explore.”
