The lender said the incentive will be available for a limited time and is guaranteed until 20 January.
Accord Mortgages is giving borrowers who take out an offset mortgage £1,000 in their linked savings account.
The lender said the incentive will be available for a limited time and is guaranteed until 20 January.
David Robinson, Accord’s national intermediary sales manager, said: “The more money a borrower has in their savings account the less interest they pay on their mortgage, enabling them to reduce monthly repayments or pay their mortgage off early.
“We wanted to give borrowers a little boost to ensure their offset account works harder for them, plus we hope it will provide brokers with an additional selling point when discussing the benefits of offset mortgage to their clients.
“The offer is guaranteed only for a limited period. It will definitely be available until Friday 20 January and if we can extend this, we will.”
Accord has also extended its range with 2-year offsets at 2.14% to 75% loan-to-value and 2.24% to 80% LTV, both charging no product fee and with a free standard valuation.
The lender is also offering a 5-year offset at 2.49% to 75% LTV with a £995 fee.
Jeremy Duncombe, director, Legal & General Mortgage Club, said: “The offset market has been underserved over recent years, but this initiative from Accord should help re-focus brokers and customers on the product.
“A £1,000 deposit is a great way of making the offset work even harder for the customer, especially in such a low interest rate environment.”
From the end of 2016 Accord’s offset mortgages became manageable online, giving borrowers direct access to their balance and statements as well as enabling them to easily transfer money and set up standing orders. Customers can also manage their account via telephone or post.
