"We are launching the 15-year fixed rate to offer additional longer-term options for brokers to discuss with their clients"
The 15-year fixed rate is available for purchase and remortgage at 2.89% up to 75% LTV and comes with free valuation and a £495 product fee.
Yorkshire Building Society, the parent company of Accord, has also launched a range of 15-year mortgages today, including the same fixed rate of 2.89%.
Jemma Anderson, product manager at Accord Mortgages, said: “Customer needs are changing and for borrowers looking to purchase or renew their home loan, securing a fixed rate for longer can provide peace of mind.
“We are launching the 15-year fixed rate to offer additional longer-term options for brokers to discuss with their clients, ensuring they can find the best product for their circumstances.”
Last month, Virgin Money launched a range of 15-year fixed rate products from 2.55% at 65% LTV, 2.75% at 75% LTV and 3.75% at 90% LTV.
