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Accord reintroduces 90% LTV products

Jake Carter

November 17, 2020

UK houses

Accord Mortgages has reintroduced a selection of 90% LTV products within its core range.

The lender has re-launched eight 90% LTV products, at 2- and 5-year terms for both purchase and remortgage.

Notable deals include a 90% LTV 2-year fix at 3.69%, and a 90% LTV 5-year fix at 3.79%. Both deals include a £995 fee.

All products come with a free valuations, and free legals for remortgages.

In addition, the lender has reduced rates across selected products up to a maximum 85% LTV, and all product end dates have been extended to April.

The 75% LTV 2-year fix has been cut from 2.18% to 2.07%, and the 75% LTV 5-year fix has been reduced from 2.08% to 1.95%.

The former deal is for purchase and includes £500 cashback, while the latter is for remortgage and includes free legals as well as £250 cashback.

Both offerings also have a £495 product fee, down from £990.

Jeremy Duncombe, director of intermediary distribution at Accord Mortgages, said: “The steps we have taken over the last few months have enabled us to manage volumes whilst maintaining service levels.

“We are therefore able to provide these popular products as part of our core range with options for both home purchase and remortgage which are accessible to as many borrowers as possible.

“We will continue to monitor service levels, but are confident that the criteria changes and increased resource, combined with the support we have received from brokers, have all helped increase our capacity meaning we can offer 90% LTV products for the foreseeable.”


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