MortgagesAug 16 2016

Accord launches five-year remortgage deals

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Accord launches five-year remortgage deals

Accord Mortgages has launched a range of five-year fixed rates, with added incentives, for borrowers looking to remortgage.

Available at 75 per cent loan-to-value is a 2.24 per cent five-year fix, while at 80 per cent LTV is a 2.44 per cent five-year fix, and at 85 per cent LTV there is a 2.60 per cent five-year fix.

Each mortgage comes with a £845 fee, £250 cashback on completion and free standard valuation.

The intermediary-only lender, which is part of Yorkshire Building Society Group, has also made reductions on selected two-year fixed rate remortgage products, by up to 0.15 per cent.

These include a two-year fix at 1.54 per cent available at 75 per cent LTV, or borrowers with a 35 per cent deposit can take advantage of a two-year fix at 1.44 per cent. Again, both mortgages come with a £845 fee plus free standard valuation and legal fees.

Jemma Anderson, product manager at Accord, commented: “The five-year rate reductions will appeal to borrowers looking for the security of fixing their mortgage repayments to a competitive rate, especially during this time of economic uncertainty.”

The lender has been busy this month, cutting rates on its entire buy-to-let range by up to 0.30 per cent, reducing the time it takes a broker to receive an agreement in principle to an average of under an hour, and launching a range of new tracker mortgages with no early repayment changes.

peter.walker@ft.com