Accord reduces rates and adds extra cashback

Michael Lloyd

January 11, 2018

Accord Mortgages has reduced rates on 79 residential mortgages by up to 0.30%, doubled its £250 cashback offering on selected mortgages and added £500 cashback to a handful of home loans.

Homebuyers with a 5% deposit can now benefit from a 5-year fix at 4.40%, which does not have a fee and comes with £500 cashback on completion and free standard valuation.

For buyers with a larger deposit of 25%, there is a 1.88% 2-year fix with £500 cashback on completion, free standard valuation and no product fee.

David Robinson, national intermediary sales manager at Accord, said: “There are a number of highly competitive deals across the mortgage market at the moment, which is great news for borrowers looking to get a great rate at the start of the year.

“We hope by reducing rates and improving our cashback offerings this will give brokers plenty of options when supporting clients with a range of budgets and needs.

“We know that cashback is a popular incentive choice for borrowers so they may appreciate having extra cash in their pocket when they secure their next home loan.”

Those looking to remortgage can opt for a 1.75% 2-year fix at 85% loan-to-value which has a free standard valuation and £500 cashback on completion.

There is also a 3-year fix at 2.40% at 90% LTV with £250 cashback on completion, free standard valuation and free legal fees. Both mortgages have a £495 fee.

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