Accord Mortgages has has announced today that it has launched a new five-year fixed rate residential range, with the option of added incentives on selected products.
The range is available to borrowers with a 25% or 20% deposit and all have a £845 fee. The range is available for purchase or remortgage, and is complimented by reductions of up to 0.65% on Accord’s existing five-year offerings.
Products start from 2.49% at 75% LTV, rising to 3.39% up to 90% LTV.
Borrowers looking to buy a home with a 5% deposit can get a 4.49% five-year fixed rate mortgage, with no product fee and £750 cashback on completion and free standard valuation. First-time buyers will get an additional £500 cashback on completion, bringing the total cashback to £1,250.
There are also reductions on Accord’s three-year fixed mortgage range with added incentives for borrowers with a 25% or 25% deposit.
David Robinson, National Intermediary Sales Manager at Accord Mortgages, said: “We are always looking at ways to offer borrowers value for money and we believe that these mortgages will prove very attractive to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next five years.
We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”