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.
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.”