From today (4 August), the intermediary-only arm of Yorkshire Building Society will offer a two-year fixed rate at 1.37 per cent at 65 per cent LTV for house purchases, which comes with a £995 product fee.
A fee-free three-year fixed rate mortgage is available at 2.29 per cent for borrowers looking to buy a new home with a 15 per cent deposit.
Both mortgages come with £500 cashback on completion and free standard valuation.
For those looking to guarantee their rate for longer, Accord is offering a five-year fix at 2.12 per cent at 85 per cent LTV for both house buyers and remortgage customers, which comes with a £995 fee.
David Robinson, national intermediary sales manager at Accord, said: “We always try to offer brokers and borrowers a range of options and good, long-term value for money. By making these reductions and launching mortgages, we are increasing the choice brokers can offer their clients.
“As well as the product we’ve launched today, we also have mortgages with no upfront fees for those who want to minimise the costs of moving or remortgaging.”
Paul Dorward, mortgage adviser at Sheffield-based PAD Financial, commented: “We looked at a product yesterday that was 1.3 per cent at 85 per cent LTV, so 1.37 per cent at 65 per cent doesn’t sound that competitive.
“Where Accord have been a bit better recently is on communication. When you speak to them they seem to be a bit more knowledgeable – you can have a factual conversation, rather than talking to people who seem to be guessing or not knowing the answer.”
Mr Dorward welcomed the addition of a three-year fix, saying it was good to have more choice as the normal two or five-year options can be restrictive.