Accord has improved its first-time buyer offers by boosting the cashback available on its 90 and 95 per cent LTV deals.
Borrowers with just a 5 or 10 per cent deposit will now be able to get £1,000 cashback.
This mortgage range isn’t just available to first-time buyers, it is also available for those moving home or remortgaging who have a smaller deposit.
For house purchase at 95 per cent LTV Accord is offering a rate at 3.4 per cent (reduced from 3.74 per cent). This comes with a £495 fee and free standard valuation.
Accord – part of the Yorkshire Building Society – also offers a rate of 2.29 per cent at 90 per cent LTV. This has a £749 product fee ,and offers a free standard valuation. This particular mortgage is only available for new build homes.
Customers who want to remortgage at 90 per cent LTV can take advantage of a 2.49 per cent rate, which has a £995 product fee, as well as free standard valuation and free standard legal fees.
In recent weeks a wave of mortgage lenders have cut rates on higher value loans as the number of first-time buyers in the market continues to grow.
Accord product manager Jemma Anderso, says: “The mortgages are designed to help home buyers with the costs of moving, whether that’s a first-time buyer getting on to the property ladder, families wanting to buy a new home to help them grow, or older people who want to downsize into a smaller property.
We hope these mortgages will prove popular with both brokers and their clients.”