Accord Mortgages has cut rates by up to 0.40 percentage points on two and five-year fixed rate 95% loan-to-value (LTV) mortgages, in a bid .
On offer to borrowers buying a house with a 5% deposit is a 3.80% five-year fixed rate mortgage, with £1,000 cashback on completion, a £495 product fee and free standard valuation. The same mortgage is available at 3.60%, fixed for two years.
Available to borrowers looking for a product fee-free option are a 3.85% two-year fix and a 4.00% five year fix. Both come with £1,000 cashback on completion and free standard valuation.
The intermediary only lender, part of Yorkshire Building Society Group, is hoping the new rates and cashback will help first-time buyers to get on to the property ladder and homeowners with growing families buy a new home.
Ben Merritt, product manager for Accord Mortgages, said: “We understand the financial pressures of real life and are committed to assisting brokers help their clients to secure flexible mortgages which suit their needs.
“Buying your first home or moving to larger place to accommodate a new arrival in your family can be tough financially and incur a lot of upfront costs. We’ve created these mortgages with this in mind and think they will prove popular with brokers and their clients.”