Accord launches longer-term mortgage range

Accord launches longer-term mortgage range

Accord has launched a new range of longer-term mortgages, including a five-year fixed rate residential deal available to borrowers with a 25 or 20 per cent deposit.

Yorkshire Building Society Group’s intermediary lender has also made reductions of up to 0.65 per cent on its existing five-year offerings.

Some of the range’s highlights include a 3.39 per cent five-year fixed rate mortgage at 90 per cent loan-to-value, with an £845 product fee.

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Another offers a 2.89 per cent five-year fixed rate mortgage at 85 per cent LTV, with a £345 product fee.

The range should incentivise first-time buyers too: they will get an additional £500 cashback on completion, bringing the total cashback to £1,250.

David Robinson, national intermediary sales manager at Accord Mortgages, said: “We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”

Mark Alexander, director of Mortgage Find, commented: “Accord are currently heading up the market with the best five-year fixed rates across the board for 75, 80 and 85 per cent mortgages.

“They are also competitive at 90 per cent, but there are a few cheaper 90 per cent deals available. Coventry appear to be the cheapest at 90 per cent for five year fixed rates at 3.15 per cent, 0.24 per cent lower.”