Accord Mortgages is this week launching a new residential and buy-to let product range.
Effective today (Thursday, 23 October), the new range sees the intermediary-only lender offering fixed residential mortgage rates starting from 4.51% up to 90% loan-to value (LTV), with products up to 95% loan-to-value starting from 5.04%.
Its buy-to-let range for landlords sees rates starting from 4.05% on two-year products up to 75% LTV, and from as little as 4.27% on five-year products up to 75% LTV, and 4.83% on two-year products up to 80% LTV.
There is also an exclusive suite of products for first-time buyers, offering £500 cashback on options up to 95% LTV, to help them fund expenses related to moving into their own home.
Highlights of the new residential range are:
- A two-year fix at 4.51% exclusively for first time buyers at 90% LTV, which comes with a £495 fee, £500 cashback and free standard valuation
- A three-year fixed rate at 4.26% (was 4.33%) for those remortgaging at 75% LTV, which comes with a £495 fee, free standard valuation and remortgage legal service
- And a fee-free five-year fix at 4.51% (was 4.58%) for house purchasers at 85% LTV, which comes with £300 cashback and free standard valuation.
Highlights of the new buy-to-let range are:
- A five-year fixed rate at 60% LTV, available for house purchase, at 4.17% (was 4.21%), which comes with a £1,995 fee and free standard valuation
- A two-year fix up to 75% LTV, available for those remortgaging at 4.35% (was 4.38%), with a £995 fee, free standard valuation and remortgage legal service
- And a five-year fix up to 60% LTV, available for those remortgaging, at 4.27% (was 4.31%), with a £995 fee, free standard valuation and remortgage legal service.
Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re always keen to pass on additional value to our brokers and their clients – whether they are looking to buy a home, remortgaging or funding a buy-to-let property, and so we’re really pleased to have been able to launch this range offering cheaper rates across many products.
“The exclusive cashback offering for first-time buyers, aimed at helping them with the significant costs incurred by moving into their first home, is the latest example of our commitment to helping this particular group of borrowers to secure a footing on the housing ladder.”
