Accord extends offset mortgage range

Accord extends offset mortgage range
We wanted to give borrowers a little boost to ensure their offset account works harder for them

Accord Mortgages has announced today that it has extended its range of offset mortgages for both house purchase and remortgage customers, including a choice home loans with no up-front fees.

Additionally, all borrowers who complete on an offset mortgage with the intermediary-only lender will be credited with £1,000 in their linked offset savings account.

The incentive is designed to help borrowers to reduce the amount of interest they have to pay on their mortgage, and is available for a limited time.

New products include a two-year offset at either 2.14% at 75% LTV, or 2.24% at 80% LTV. Both mortgages have no product fees and come with free standard valuation.


Five-year offsets include a 2.49% mortgage at 75% LTV with a £995 fee.

David Robinson, Accord’s National Intermediary Sales Manager, said: “Offsets are an appealing option for borrowers in the current low rate environment.

We wanted to give borrowers a little boost to ensure their offset account works harder for them, plus we hope it will provide brokers with an additional selling point when discussing the benefits of offset mortgage to their clients. The offer is guaranteed only for a limited period. It will definitely be available until Friday 20 January and if we can extend this, we will.”

Jeremy Duncombe, Director, Legal & General Mortgage Club, added: “The offset market has been underserved over recent years, but this initiative from Accord should help re-focus brokers and customers on the product. A £1,000 deposit is a great way of making the offset work even harder for the customer, especially in such a low interest rate environment.”

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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