Mortgages

Accord relaunches ERC-free tracker range

The lender has also reduced selected rates at 90% LTV.

Rozi Jones
|
12th April 2019
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"Following our regular conversations with brokers we know they want more flexible products, should their clients’ circumstances change."

Accord Mortgages has reintroduced a selection of tracker mortgages with no early repayment charges as a result of broker feedback.

Available for purchase and remortgage, products include a two-year tracker at 2.89% up to 95% LTV with a £995 product fee and free valuation.

A 75% LTV two-year tracker has also been relaunched at a rate of 1.71%.

The lender has also reduced selected rates at 90% LTV by up to 19bps including a fee-free five-year fixed rate remortgage product at 2.75% with £1,000 cashback, free legals and free valuation.

Additionally, Accord Buy to Let is reducing rates on nine of its five-year fixed rate products.

Highlights of the new range include a five-year fixed rate at 2.19% available at 60% LTV with £500 cashback, free valuation and a £950 product fee.

For landlords with the same equity looking to remortgage, the 2.19% five-year fixed rate is also available with £250 cashback, free legals, free valuation and a £950 product fee.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’ve seen strong demand for our existing 85% LTV tracker with ERC-free functionality and following our regular conversations with brokers we know they want more flexible products, should their clients’ circumstances change.

“Broker feedback is so important to us and where possible, we do respond quickly to information shared by our team of BDMs, telephone and web chat advisers. We’re really pleased our efforts seem to be making a difference – our Net Promoter Score has increased further again – and we hope the continued improvements carry on being welcomed by brokers.”

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