Accord introduces cashback incentives on remortgages

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Accord Mortgages has launched cashback incentives of £250 for remortgage customers with 35 per cent and 10 per cent deposits.

The intermediary-only lender, part of the Yorkshire Building Society Group, offers a two-year remortgage deal at 1.38 per cent for 75 per cent LTV and a five-year fix at 2.13 per cent on 75 per cent LTV, both with a £995 fee.

Both mortgages offer either the cashback and free standard valuation or free legal fees and free standard valuation.

Accord Mortgages national intermediary sales manager David Robinson says: “We aim to minimise the upfront costs of purchasing a mortgage for borrowers, and we hope that the added incentive of £250 cashback, plus the recent withdrawal of our mortgage application processing fee, will do just that.”