Accord launches high-LTV remortgages

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Accord Mortgages has today launched five new remortgage options for borrowers with deposits of 10, 20 and 25 per cent.

The range includes a five-year fix at 2.09 per cent at 75 per cent LTV. It has a £495 product fee, £500 cashback on completion and free standard valuation.

The lender has also launched a two-year fixed rate at 80 per cent LTV at 1.70 per cent.

This option has a £495 fee plus £250 cashback on completion, free standard valuation and free legal fees.

Accord has also cut rates on higher LTV mortgages.

Accord mortgage manager Ben Merritt says: “There is some trepidation among borrowers as the Bank of England suggested that interest rate rises may come thick and fast, so many are keen to lock into a good deal now.

“This is why we have decided to launch a choice of competitive options to suit a range of borrowing needs and budgets.”

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