Accord unveils new high LTV products

Michael Lloyd

November 13, 2019

Accord Mortgages has launched eight products at 90% and 95% LTV with a maximum loan size of £600,000.

For purchases, Accord have released a 2-year fix at 2.30% and a 5-year fix at 2.53%, both at 90% LTV.

At 95% LTV, there is a new 2-year fix at 3.06%, with each product coming with a £995 fee, free valuation and £500 cashback.

Jemma Anderson, product manager at Accord, said: “Having reviewed our range, we’ve reduced selected rates and launched new products to ensure we are fully supporting those wanting to borrow at a higher LTV whilst offering the most competitive choices for brokers.

“Increasing our maximum loan size to £600,000 at greater than 85% LTV ensures we can provide the best options, regardless of geographic location and help more people to purchase the property they want.”

For remortgages at 90% LTV, new additions include a 2-year fix at 2.29% and a 5-year fix at 2.52%.

Both come with a £995 fee, free valuation, free legals and £500 cashback.

Two new build products have also been introduced, both at 90% LTV.

There is a 2-year fix for house purchases at 2.65% and a 2-year fix for flats priced at 2.95%, both products coming with a £749 fee, free valuation and £1,000 cashback.

Accord has also reduced rates on selected 90% and 95% LTV products.

The 2-year fix for house purchases at 90% LTV saw its rate cut from 2.52% to 2.44% which comes with £1,000 cashback.

In addition, for remortgages at 95% LTV the 2-year fix with £750 cashback and free legal services, saw its rate drop from 3.29% to 3.26%.

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