Accord cuts cost of two-year products
Accord Mortgages said cutting the loan rate at 65 per cent, 75 cent and 90 per cent LTV levels would broaden the options for those who needed to borrow more, such as first-time buyers.
Accord, the intermediary lending subsidiary of Yorkshire Building Society, has cut up to 0.30 per cent from the cost of two year products across a range of LTV levels.
The new range will launch today (Wednesday, August 8) and includes a 75 per cent LTV two year tracker at 2.99 per cent with a £995 fee.
It also includes a 75 per cent LTV two year fixed at 3.19 per cent with a £995 fee and a 90 per cent LTV two-year fixed rate at 5.29 per cent with £995 fee and incentive options including £250 cashback and free valuation.
Martin McIntosh, product manager at Accord said: “By making cuts at the 90% LTV level as well as 65 per cent and 75 per cent, we are broadening the options for those who need to borrow more such as first-time buyers.
“When you consider the other assistance available on some products like free legal assistance, free valuations and cashback on completion, we think we have a strong offer for those who are taking their first steps on to the property ladder.”
The new range includes offset versions, the products are fully portable and allow for overpayments of up to 10 per cent.