Daily news

Sesame links with Accord

5 February, 2008

The products, a three-year tracker and a two-year fix, are available for house purchase and remortgages.

Details are as follows:

Three-year tracker

• Fixed until 30 April 2011
• Bank of England base rate +0.39 per cent
• 75 per cent loan to value
• Arrangement fee of £995
• Minimum/maximum loan size £30k to £500k
• Early repayment charge of 4 per cent in year one and year two only

Two-year fixed rate

• Rate of 5.49 per cent until 30 April 2010
• 85 per cent loan to value
• Arrangement fee of £1,495
• Minimum / maximum loan size £30k to £500k
• Early repayment charge of 4 per cent in year one and year two

Sarah Lawrence, senior product manager at Accord added: "We are very excited to be working with Sesame, and are looking forward to building on our relationship going forward.

"In addition, the 3 Year Tracker product only has early repayment charges for the first two years, which provides an additional benefit of a guarantee of a competitive tracker rate, but with the option to switch to a fix without incurring any early repayment charges in the third year."