Accord Mortgages has reduced rates on its Help to Buy product range.
The changes include the following:
- A five-year fixed rate at 60% LTV is now available at 1.93% (was 2.09%) with £500 cash back, free valuation and £995 product fee
- For those with 25% deposit, a five-year fixed rate is 1.98% (was 2.15%) with £500 cash back, free valuation and a £995 product fee
In addition to the Help to Buy reductions, the intermediary lender will also offer brokers a selection of improved rates for house purchasing and remortgaging in the 60-85% LTV bracket.
Deals include:
- Five-year fixed rate at 1.83% (was 1.89%) at 75% LTV for remortgage customers with £500 cash back, free valuation, free legal service and £495 product fee
- Five –year fixed rate at 2.06% (was 2.12%) at 80% LTV for those looking to buy a new property with £500 cashback, free valuation and £495 product fee
- Two-year fixed rate at 1.68% (was 1.72%) at 75% LTV for remortgage customers with £500 cash back, free valuation and £495 product fee
Jemma Anderson, product manager at Accord Mortgages, said: “Since we launched our Help to Buy offering last September, we have been able to give more buyers an opportunity to secure a home they may not have been able to afford previously. We’re pleased to be able to offer an even better selection of products for those using the scheme.
“For those clients with a larger deposit or equity stake, we’re also improving our rates across a selection of terms and LTVs to help brokers offer a greater range of options.”