Accord Mortgages has increased cashback to £1,000 for borrowers at 90% and 95% loan to value (LTV).
The new products are available across both house purchase and remortgage with selected products also coming with free standard valuation and free standard legal fees.
The intermediary-only lender, which is part of Yorkshire Building Society Group, is offering a 2.29% rate at 90% LTV, which has a £749 product fee, £1,000 cashback on completion as well as a free standard valuation. The mortgage is available exclusively for new build houses.
Customers who want to remortgage at 90% LTV can take advantage of a 2.49% rate, which has a £995 product fee, £1,000 cashback on completion as well as free standard valuation and free standard legal fees.
For house purchases at 95% LTV, Accord is offering a rate of 3.40%, reduced from 3.47%, a £495 product fee, £1,000 cashback on completion and free standard valuation.
Jemma Anderson, Accord’s product manager, said: “We understand that moving house or buying your first home can be expensive and come with unexpected costs. That’s why we’re offering brokers and their clients the option of a mortgage with £1,000 cashback on completion, as well as other incentives, including free standard valuations and free standard legal fees.
“The mortgages are designed to help home buyers with the costs of moving, whether that’s a first-time buyer getting on to the property ladder, families wanting to buy a new home to help them grow, or older people who want to downsize into a smaller property. We hope these mortgages will prove popular with both brokers and their clients.”
