Accord to withdraw 0.99% 2-year fix after eight working days

Ryan Bembridge

September 27, 2017

Accord Mortgages will withdraw its 2-year fixed rate product at 0.99% to 80% loan-to-value with a £1,495 product fee tomorrow at 8pm.

The lender launched the product on Tuesday last week.

David Robinson, national intermediary sales manager at Accord, said “Our lowest ever fixed rate mortgage has proved to be very popular with brokers and their clients.

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“We launched the mortgage at a time when there was speculation of a looming bank rate rise plus one of the biggest periods of mortgage maturities in five years, so this deal seems to have ticked the right boxes for borrowers.

“We have experienced an extremely high level of demand for the mortgage and, as with all limited edition offers, it can be withdrawn at any time.

“Therefore we wanted to give brokers a heads up that the mortgage will only remain on sale for a limited time.”

 

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