Accord Mortgages has unveiled a range of five-year fixed rate mortgages for home buyers with a 35% deposit.
The rate is 2.59% with an £845 product fee. Borrowers looking for a lower product fee can pay £345 and receive a rate of 2.69%.
The range also includes two £250 cashback options featuring free standard valuations. These are:
- Five-year fixed rate mortgage at 2.79% with an £845 product fee
- Five-year fixed rate mortgage at 2.89% with a £345 product fee
Rates at 85% and 90% LTV have been reduced by up to 0.20 percentage points on two-year and five-year fixed rate mortgages.
Deals include:
- Two-year fixed rate 85% LTV at 2.89% with £345 product fee
- Five-year fixed rate 85% LTV at 3.74% with £845 product fee
- Two-year fixed rate 90% LTV at 3.84% with £345 product fee
- Five-year fixed rate 90% LTV at 4.39% with £845 product fee.
These all include £250 cashback and a free standard valuation.
David Robinson, Accord Mortgages’ national account manager for residential, said: “With these 65% LTV mortgages we saw a gap in our product range and sought to fill this with great offers for customers looking for fixed-rate deals through intermediaries. We are offering borrowers the opportunity to fix their rate from 2.59% for five years, which we think is an extremely attractive proposition for both brokers and customers.
“This is part of a wider product launch for Accord which will also see competitive new rates for customers with 15% and 10% deposits.”