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Accord to launch five-year fixed range

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Accord Mortgages will launch a range of five-year fixed rate mortgages tomorrow.

The range includes a 2.24 per cent product at 75 per cent LTV, a 2.44 per cent loan at 80 per cent LTV and a 2.60 per cent mortgage at 85 per cent LTV.

Each mortgage comes with a £845 fee, £250 cashback on completion and free standard valuation.

The intermediary-only lender has also made cuts to selected two-year fixed rate remortgage products by up to 0.15 per cent.

The range now includes a two-year fix at 1.54 per cent available at 75 per cent LTV.

Borrowers with a 35 per cent deposit can now get a two-year fix at 1.44 per cent.

Both mortgages come with a £845 fee plus free standard valuation and legal fees.

Accord product manager Jemma Anderson says: “We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer value for money to our customers with incentives like cashback on completion.

“The five-year rate reductions will appeal to borrowers looking for the security of fixing their mortgage repayments to a competitive rate, especially during this time of economic uncertainty.”

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