Accord Mortgages has launched eight new products at 90% and 95% loan to value (LTV) with a maximum loan size of £600,000 and cut rates on many of its existing 90% and 95% fixed-rate products.
New purchase products include include the following:
- 90% LTV two-year fixed rate at 2.30% with £995 fee, free valuation and £500 cashback
- 90% LTV five-year fixed rate at 2.53% with £995 fee, free valuation and £500 cashback
- 95% LTV two-year fixed rate at 3.06% with £995 fee, free valuation and £500 cashback
For remortgage customers, the new products include:
- 90% LTV two-year fixed rate at 2.29% with £995 fee, free valuation, free legals and £500 cashback
- 90% LTV five-year fixed rate at 2.52% with £995 fee, free valuation, free legals and £500 cashback
- 95% LTV two-year fixed rate at 3.15% with £995 fee with free valuation and free legals
Two new build products have also been introduced, with a 90% LTV two-year fixed rate available for house purchases at 2.65% with £749 fee, free valuation and £1,000 cashback and a 90% LTV two-year fixed rate for flats available at 2.95% with £749 fee, free valuation and £1,000 cashback. Again, both have a maximum loan size of £600,000.
Rates have also been reduced on selected 90% and 95% LTV products, including:
- Two-year fixed rate for house purchase customers at 90% LTV at 2.44% (previously 2.52%) with £495 product fee, £1,000 cashback and free valuation
- Two-year fixed rate for remortgage customers at 95% LTV at 3.26% (previously 3.29%) with £495 product fee, £750 cashback, free legal services and free valuation
Jemma Anderson, Accord product manager, said: “Having reviewed our range, we’ve reduced selected rates and launched new products to ensure we are fully supporting those wanting to borrow at a higher LTV whilst offering the most competitive choices for brokers.
“Increasing our maximum loan size to £600,000 at greater than 85% LTV ensures we can provide the best options, regardless of geographic location and help more people to purchase the property they want.”