Accord launches new product range

Nia Williams

November 15, 2012

The intermediary lender now offers more than 40 two, three and five year fixed rate mortgages for customers buying a home or remortgaging. They include:

• 75% LTV two year fixed rate at 2.69% with £1,995 fees

• 75% LTV three year fixed rate at 2.89% with £1,995 fees

• 90% LTV two year fixed rate at 4.89% with £1,995 fees

Mortgages featuring cashback, free legal assistance and free valuation incentives are also available, plus offset variants of selected products.

Accord has simplified its range to create consistency between the three LTV levels (75%, 85% and 90%) to give brokers and their customers a clearer understanding of what products are available.

Other changes include the withdrawal of tracker and tracker-to-fixed mortgages, which have become less competitive as funding rates for fixed rates have fallen, resulting in narrow price differences between tracker and fixed products.

Toni Roberts, Accord Mortgages product manager, said: “By refining our product range we have a greater ability to ensure our core mortgages remain competitive and appealing to borrowers.

“However, as always we will monitor the market and listen to brokers to ensure our product range continues to meet a variety of customer needs.”

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