Accord to give offset customers £1,000 on completion

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Accord Mortgages is giving offset mortgage customers £1,000 when their home loan completes.

From today, all borrowers who complete on an offset mortgage with the lender will be credited with £1,000 in their linked offset savings account.

The offer will be available until 20 January, and could be extended past this point.

The move is designed to cut the interest mortgagors have to pay, and is available for a limited time.

Accord has also extended its range of offset mortgages for both house purchase and remortgage customers, including home loans with no up-front fees.

Borrowers can opt for a two-year offset at either 2.14 per cent at 75 per cent LTV or at 2.24 per cent at 80 per cent LTV.

Both mortgages do not have a product fee and come with free standard valuation plus the £1,000.

Accord national intermediary sales manager David Robinson says: “We wanted to give borrowers a little boost to ensure their offset account works harder for them, plus we hope it will provide brokers with an additional selling point when discussing the benefits of offset mortgage to their clients.”

Legal & General Mortgage Club director Jeremy Duncombe says: “The offset market has been underserved over recent years, but this initiative from Accord should help re-focus brokers and customers on the product.”