View more on these topics

Accord Mortgages adds new 80% LTV products

Accord Mortgages is adding new 80 per cent LTV mortgages to its product range in addition to cutting rates on a number of existing products.

The new products include a 2.84 per cent two-year fix with a £995 fee and free valuation and legal fees.

The rate on the two-year fix at 4.64 per cent up to 90 per cent LTV has been cut by 0.20 per cent, taking it to 4.44 per cent. The mortgage comes with a £995 fee, free valuation and £250 cashback.

Accord Mortgages product manager Jemma Smith says: “Following the popularity of the 80 per cent LTV products in our 10-day sale last month, we decided to launch more.

“Combined with the rate cuts to other higher LTV products, we are confident brokers and customers will respond positively to the competitive rates and this increased choice we are offering.”

Accord launched six limited issue mortgages as part of a 10-day sale in January. The lender later announced it would be extending the sale by a further six days, taking it to the end of the month.

Recommended

Barclays appointed to find Sesame buyer

Friends Life has put Sesame Bankhall Group up for sale and appointed Barclays Investment Bank to find potential buyers for the business. Barclays is understood to be contacting a number of firms to gauge interest with a private equity led management buy-out bid seen as one option. Friends Life bought Sesame from software company Misys […]

MS 11Feb Cover

Has IMLA lost its voice?

IMLA has seen membership slide amid the shock waves of the financial crisis and many are asking if it still has a role to play but we meet with the trade body’s new chairman and deputy chairman and the mood is wholly positive