Accord extends offset mortgage offer

Accord extends offset mortgage offer

Accord Mortgages has extended its offer to give a £1,000 incentive to borrowers taking out an offset mortgage.

All borrowers who complete on an offset mortgage with the intermediary-only lender, which is part of Yorkshire Building Society Group, will be credited with £1,000 in their linked offset savings account.

This offer is now available until Friday 27 January – a week longer than it had previously said.

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David Robinson, national intermediary sales manager at Accord, said: “Our £1,000 offset boost has been a big hit with brokers and their clients so we have made the decision to extend the offer for another week.

“Borrowers are always looking for ways to make their money work harder, so by offering a range of competitive offset mortgages plus this added bonus we aim to help them to reduce the interest they pay on their home loan as much as possible.”

The offer is available across Accord’s entire offset range, which includes a two-year offering at 2.14 per cent at 75 per cent loan-to-value with no up-front fees and free standard valuation.

Mike Richards, director of London-based Mortgage Concepts Associates, said: "I think offsets are always a good idea. If you are a higher rate taxpayer they can be fantastic and if rates come up they will have a much bigger part to play.

"With lenders like Accord putting £1,000 into the account that can be very appealing."