Accord Mortgages has launched a selection of fixed rate mortgages for borrowers with a 35 per cent deposit.
The intermediary-only lender’s new 65 per cent loan-to-value (LTV) range includes short and longer term options, with added features such as cashback, free standard valuation and free legal fees.
Products on offer include a two-year fixed rate at 1.41 per cent and a 1.99 per cent five-year fixed rate deal – both of which come with a £995 product fee, £250 cashback on completion and free standard valuation.
Remortgagers can opt for either a 1.39 per cent two-year fixed rate mortgage, or five-year fix at 1.99 per cent, both with a £995 product fee, along with free standard valuation and free legal fees.
Accord, which is part of Yorkshire Building Society, has also made rate reductions by up to 0.25 per cent, offering a 2.99 per cent five-year fixed rate at 85 per cent LTV, which is available to both home buyers and remortgage customers, and has no up-front product fee.
David Robinson, national intermediary sales manager at Accord, said: “By refining our product range we have a greater ability to ensure our core mortgages remain competitive and appealing to borrowers.
“However, as always we will monitor the market and listen to brokers to ensure our product range continues to meet a variety of customer needs.”
Jane King, mortgage adviser at London-based Ash Ridge Asset Management, said: “Accord are always near the top of the list.
"Their product fees are in line with everyone else; these are good rates and they are keeping everything competitive.
“I like them because you can remortgage at 90 per cent. They are one of my favourite lenders.”
simon.allin@ft.com
