Accord to scrap record low two-year deal

Accord Mortgages is withdrawing is record low two-year fixed rate mortgage deal.

Advisers have until 8pm on Thursday 28th September to take advantage of the 0.99 per cent rate.

The deal is available to homebuyers and those remortgaging up to an 80 per cent loan to value. It has a £1,495 product fee but offers a free standard valuation.

Accord says it has experienced an “extremely high level of demand” for the product, which was launched on a limited basis last week.

Accord national intermediary sales manager David Robinson says: “We launched the mortgage when there was speculation of a looming Bank rate rise. It’s also one of the biggest period of mortgage maturities in five years, so this deals seems to tick the right boxes for borrowers.”

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