Accord launches two-year tracker with no ERC

Accord Mortgages has launched a two-year tracker mortgage with no early repayment charges.

The new mortgage from the intermediary-only lender, part of Yorkshire Building Society, has an interest rate of 1.29 per cent at 65 per cent LTV and is available for purchase and remortgage borrowers.

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There is a £995 fee attached.

The lender has also launched two short-term fixed rate deals; a two-year fix at 1.32 per cent at 65 per cent LTV (loan-to-value), and a 1.62 per cent two-year fix at 85 per cent LTV.

Both mortgages are available to purchase and remortgage customers and come with a £1,495 product fee plus free standard valuation.

Ben Merritt, Mortgage Product Manager at Accord mortgage product manager Ben Merrit says: “The current period of record-low interest rates gives borrowers the opportunity to maximise the money they save on their monthly repayments by overpaying on their home loan.

“Our new tracker allows them to do this with the reassurance that they are not incurring any charges and can switch product at any time without having to pay ERCs – that could be particularly appealing should the Base Rate creep up.”