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Accord cuts resi and B2L fixes

Sarah Davidson

February 6, 2015

Other 65% LTV residential offerings include 5-year fixes at 2.44% with an £845 fee, 2.54% with a £345 fee, 2.64% with an £845 fee and 2.74% with a £345 fee. The latter two products come with £250 cashback.

On its buy-to-let range Accord’s 5-year fixes stand at 3.29% to 60% LTV and 3.69% to 75% LTV, both with a £2,495 product fee and £500 cashback

David Robinson, National Intermediary sales manager at Accord Mortgages, said: “It is always good news when we are able to announce the launch of highly competitive mortgages like these.

“We are sure the rates will prove attractive to brokers and we are keen to offer value for money to our customers with incentives like cashback on completion.

“The 5-year rate reductions will appeal to borrowers looking for the security of a fixing their mortgage repayments a competitive rate for a longer period.”

Other buy-to-let products have been reduced, as its 5-year range also offers two 75% LTV fixes at 4.04% with a £195 fee, with one product coming with £500 cashback and the other coming with £300 cashback and a free standard valuation.

On its 2-year buy-to-let range 60% LTV fixes stand at 2.84% with a £195 product fee and £300 cashback and 2.64% with an £800 fee and £500 cashback.

Also available are two 3-year fixes at 2.89% to 65% LTV and 3.24% to 75% LTV, both with an £800 fee and £500 cashback.

Chris Maggs, commercial manager at Accord Buy-To-Let, said: “Brokers and landlords are looking for the security of a 5-year fixed rate mortgage with a competitive rate, which is what we’re offering with these reductions.

“We also hope the added incentives such as cashback on completion and free standard valuations will prove popular with brokers and landlords looking to get the most from a mortgage.”


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