Accord Mortgages has launches its third limited release in a month.
The first-time buyer home purchase mortgages, available exclusively for brokers, go on sale at 9am on Monday 5 October until 8pm on Tuesday 6 October.
LTVs are 90% and the term length remains as standard (40 years). At least one applicant must be a first-time buyer. Accord’s definition of a first-time buyer is someone who has never owned a property or held a mortgage before.
The two products are as follows:
- A five-year fixed rate at 3.59% at 90% LTV with £495 product fee and free valuation. Available for loans up to £500,000
- A five-year fixed rate at 3.69% at 90% LTV with £495 product fee and free valuation. Available for loans between £500,001 and £600,000
Jeremy Duncombe, Accord Mortgages’ director of intermediary distribution, said: “Once again our teams have worked their magic to ensure we can return to market as quickly as possible and continue providing help to those wanting to make their first purchase.
“Our priority continues to be offering brokers the support they have come to expect of us. With the limited releases we’ve found a consistent formula which enables us to offer much-needed products whilst being able to maintain a high level of service.”