Accord unveils first-time buyer range

Ryan Bembridge

April 27, 2018

Accord Mortgages has launched a range of 95% loan-to-value mortgages for first-time buyers.

Products all come with £1,000 cashback on completion and include a fee free 2-year fix at 3.94% and a 5-year fix at 4.40%.

Jemma Anderson, mortgage manager at Accord, said: “Spring is a popular time for people taking that first step onto the property ladder, so is the ideal time for us to enhance our product range with specific options aimed to help brokers support their customers with the biggest financial decision of their lives.

“Conditions have been favourable for new borrowers lately as some barriers to first-time ownership have been removed, such as stamp duty for properties valued below £300,000.

“Research we conducted last year highlighted the main barrier to owning a first home as the upfront costs involved, this dedicated first-time buyer range has been designed with this in mind offering £1,000 cashback, free valuations and fee-free options.

“We hope the combination of competitive rates and additional features will make the process of buying your own home a little easier.”

Accord has also reduced rates on selected high LTV options by up to 0.05%, which are available to first-time buyers and house purchasers with small deposits.

This includes a 3.63% 2-year fix at 95% LTV with £495 product fee.

Alternatively those with a smaller deposit looking to fix for longer could opt for a 4.19% five-year fix at 95% LTV, which has a £995 fee.

Both mortgages come with £500 cashback on completion and free standard valuation.

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