Accord Mortgages has moved into 90% LTV lending with a launch of two and five-year fixed rate deals on Thursday.
The new range will offer purchase and remortgage products and will include ‘low fee’ options with fees starting from £495, a range of incentives and offset deals.
Two-year fixed rates will be priced at 4.89% with an £995 fee 4.99% with an £995 fee and £600 cashback and 4.99% with an £995 fee, free valuation and £250 cashback.
Five-year fixed rates will be priced at 5.19% with an £995 fee 5.29% with an £995 fee and £600 cashback and 5.29% with an £995 fee, free valuation and £250 cashback.
The products will be available to those with a minimum loan size of £75,000 up to a maximum of £500,000 and will not be available for borrowing on new build properties or flats.
Martyn Smith, head of mortgage products at Legal & General Network, said: “Accord have been very competitive in the 85% LTV market and the new 90% offering looks just as good with some eye catching rates and a range of cashback and free valuation solutions.