View more on these topics

Accord launches new range of five-year offset mortgages

Accord Mortgages has launched a range of new five-year offset mortgages.

The intermediary-only lender, part of the Yorkshire Building Society Group, is offering the deals on house purchase and remortgage with LTVs of 75 per cent, 80 per cent and 85 per cent.

The new range includes a 2.49 per cent offset at 75 per cent LTV. There are also 2.59 per cent at 80 per cent LTV, or 85 per cent LTV at 2.69 per cent deals available. Each mortgage comes with a £995 product fee.

accordlogo

National Intermediary sales manager at Accord David Robinson says: “The demand for offset mortgages is increasing, especially as savings rates are offering such low returns. 

“Offsets can be a great option for all types of borrowers, particularly those with a large amount of savings and people with irregular incomes or who benefit from bonuses. Higher and additional tax payers can also benefit from an offset, as they will avoid paying tax on interest earned on their savings.

“We’re constantly developing our offset offerings, for instance we recently simplified the way customers can manage their accounts by improving online access, to provide attractive options for brokers and borrowers who are hoping to reduce their home loan.” 

Recommended

Home-owner borrowing falls 11% annually in October

The amount borrowed for house purchase by home-owners fell by 8 per cent in the month to October and 11 per cent annually, according to statistics from the Council of Mortgage Lenders. In October, homebuyers borrowed £10.5bn made up of 57,800 loans, a fall in volume of 8 per cent on September and a drop […]

Take stock and hit targets before year end, says Hunt

We’re at that time of year – and I remember it well having worked for a lender previously – where everyone in a lending organisation begins to take a very keen interest in lending levels and the targets that may (or may not) be met. It’s this environment that means we’re seeing a considerable amount […]

House-Keys-Mortgage-Estate-Agent-700.jpg

Precise Mortgages launches new 3-year fix through Buy to Let Club

Precise Mortgages has launched an exclusive limited company buy-to-let three-year fixed rate mortgage through Buy to Let Club. The product is fixed at 3.54 per cent until 31 October 2019 up to 75 per cent LTV. It has an arrangement fee of 1.5 per cent. Early repayment charges are 3 per cent until 31 October […]

Insurance - thumbnail

Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]

Newsletter

News and expert analysis straight to your inbox

Sign up