"We’re really pleased to have been able to launch this range offering cheaper rates across many products"
- Aidan Smith - Accord Mortgages
Accord Mortgages has launched a new residential and buy-to-let product range, effective Thursday, 23 October, offering competitive rates and exclusive benefits for first-time buyers.
The intermediary-only lender’s residential range features fixed rates starting from 4.51% up to 90% loan-to-value (LTV), with options up to 95% LTV from 5.04%. Its buy-to-let range offers rates from 4.05% on two-year products up to 75% LTV, and from 4.27% on five-year products up to 75% LTV. Rates for two-year products up to 80% LTV start at 4.83%.
First-time buyers benefit from an exclusive suite of products, including £500 cashback on options up to 95% LTV, intended to support expenses associated with moving into a new home.
Residential highlights:
Two-year fix at 4.51% exclusively for first-time buyers at 90% LTV, with a £495 fee, £500 cashback and free standard valuation.
Three-year fix at 4.26% (was 4.33%) for remortgages at 75% LTV, with a £495 fee, free standard valuation and remortgage legal service.
Five-year fee-free fix at 4.51% (was 4.58%) for house purchases at 85% LTV, including £300 cashback and free standard valuation.
Buy-to-let highlights:
Five-year fix at 4.17% (was 4.21%) at 60% LTV for house purchases, with a £1,995 fee and free standard valuation.
Two-year fix at 4.35% (was 4.38%) up to 75% LTV for remortgages, including a £995 fee, free standard valuation and remortgage legal service.
Five-year fix at 4.27% (was 4.31%) up to 60% LTV for remortgages, with a £995 fee, free standard valuation and remortgage legal service.
Yesterday, the lender announced that it was to further support landlords by reducing Interest Coverage Ratio Rates (ICRRs).
“We’re always keen to pass on additional value to our brokers and their clients—whether they are looking to buy a home, remortgaging or funding a buy-to-let property,” said Aidan Smith, product manager for mortgages at Accord Mortgages. “We’re really pleased to have been able to launch this range offering cheaper rates across many products.”
Smith added: “The exclusive cashback offering for first-time buyers, aimed at helping them with the significant costs incurred by moving into their first home, is the latest example of our commitment to helping this particular group of borrowers to secure a footing on the housing ladder.”
