Accord cuts high LTV rates

Ryan Bembridge

January 11, 2019

Accord Mortgages has cut high loan-to-value mortgage rates and introducing £1,000 cashback.

With £1,000 cashback rates now include a 2-year fix at 3.49% and a 5-year fix at 3.66%, both with no fee. There is also a 2-year fix at 3.21% and a 5-year fix at 3.54%, both with a £495 product fee.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “Buying or moving house can be expensive so we hope this new range of mortgages will give brokers and their clients a little help with managing the associated upfront costs.

“We’re still giving £1,000 cashback on most of our 95% LTV mortgages and including free standard valuation with lower or no fees, in addition to reducing rates. We’re sure these mortgages will be well received by brokers looking to help borrowers with smaller deposits.”

For those looking for a low rate variable mortgage, there is a 2.99% 2-year discount with a £495 product fee.

The intermediary-only lender, which is part of Yorkshire Building Society, has also reduced 90% LTV rates by up to 0.27%, as there is now a 5-year fix at 2.50% with a £995 product fee.

Alternatively, a 2-year tracker mortgage is available at 1.99% for two years, with free standard valuation and a £995 product fee.

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