Accord Mortgages has launched cashback incentives on a range of remortgage options.
The deal is to help borrowers reduce the upfront costs of renewing their mortgage.
The intermediary-only lender, which is part of the Yorkshire Building Society Group, has introduced £250 cashback on completion for selected remortgage options for customers with 35 per cent and 10 per cent deposits.
It has also reduced rates on selected mortgages by up to 0.08 per cent.
David Robinson, national intermediary sales manager at Accord, said: “We aim to minimise the upfront costs of purchasing a mortgage for borrowers, and we hope that the added incentive of £250 cashback, plus the recent withdrawal of our mortgage application processing fee, will do just that.
“We are constantly reviewing our mortgages to offer the best fit for borrowers, and we hope that this combination of benefits will really appeal to brokers and their clients looking for the best option to suit their individual requirements.”
Among the new deals for remortgaging customers is a two-year fix at 1.38 per cent and 75 per cent loan-to-value with a £995 fee.
Those looking to fix their remortgage for longer can opt for a five-year fix at 2.13 per cent at 75 per cent LTV with a £995 fee.
Both mortgages are available with a choice of either £250 cashback on completion and free standard valuation, or free legal fees and free standard valuation.
Accord is also piloting a tailored lending policy aimed at freelancers and contractors seeking a mortgage which will be rolled out next year.
