Accord launches low fee deals

Nia Williams

March 15, 2011

The low-fee low-loan size range features:

• Two-year fixed rate deals from 3.64% with a £495 fee

• Three-year fixed rate deals from 3.94% with a £495 fee

• Five-year fixed rate deals from 4.84% with a £495 fee

The range includes remortgage deals with the option of added incentives including free valuation and free legal assistance and offset versions are available.

Accord has also cut 0.10% from selected fixed rates and the new range will include tiered fees depending on loan size available at both 75% and 85% LTV options.

Charles Canning, managing director at Accord, commented: “Following the recent volatility in swap rates we have now found the right opportunity to reprice our range and ensure we offer brokers a broader choice of products to suit their clients’ needs.

“Feedback from our key lending partners has shown that they felt our mortgage range catered more to borrowers with larger loan sizes. We have taken this on board and have created a suite of products designed to specifically cater for clients wanting to borrow no more than £150,000. We’ve made these products available to those who need to borrow up to 85% of their property’s value, ensuring they are also an attractive option for first-time buyers.”

All Accord mortgages are fully portable and allow overpayments up to 10% per calendar year.

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