Accord launches 10-year fix and cuts rates

Michael Lloyd

March 20, 2019

Accord Mortgages has launched a 10-year fixed rate mortgage and has cut 90% and 95% loan-to-value mortgage rates.

Homebuyers with a 25% deposit can benefit from 10-year fixed rate of 2.49% with free standard valuation and a £495 product fee. The 10-year fix is available to remortgage customers too.

Selected 5-year fixed rates at 90% have been reduced by up to 0.10%, as have selected 2 and 5-year fixed rates at 95%.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “It’s a pretty uncertain time at present, so we’re delighted to launch the new 10-year fixed rate which we hope will offer brokers with clients seeking stability a product which enables them to manage their longer term finances.

“We’re continually reviewing the range based on broker feedback and as a result, to assist borrowers with a smaller deposit we’ve improved our higher LTV rates as well as offering £1,000 cashback and free standard valuation to help manage the costs of moving house.”

Highlights of the 90% LTV product range include a 5-year fixed rate at 2.53% with £1,000 cashback and £495 product fee for those purchasing a house.

Borrowers with 10% equity looking to remortgage can now get a 5-year fixed rate of 2.55%. This mortgage comes with a £495 product fee, £1000 cashback.

For those buying a new home, highlights of the new 95% LTV product range offering £1,000 cashback and £495 product fee include a 2-year fixed rate at 3.12% and 5-year fixed rate at 3.42%.

Accord has also reduced rates for remortgage customers with 5% equity, with a fee-free 2-year fixed rate now available at 3.47% with £500 cashback.

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