Accord Mortgages has launched a 15-year fixed rate mortgage for purchases and remortgages.
The rate at 2.89% is available at 75% LTV. It comes with free valuation and a £495 product fee.
Jemma Anderson, product manager at Accord Mortgages said: “Customer needs are changing and for borrowers looking to purchase or renew their home loan, securing a fixed rate for longer can provide peace of mind.
“We are launching the 15-year fixed rate to offer additional longer-term options for brokers to discuss with their clients, ensuring they can find the best product for their circumstances.”
Yorkshire Building Society, of which Accord Mortgages is a part of, has also launched a range of 15 year mortgages today, including the same fixed rate of 2.89% for borrowers needing 75% LTV.
Accord now offers 5, seven, 10 and 15-year fixed rate products.