Accord Mortgages has introduced a range of £495 fee mortgages for borrowers with lower loan sizes wanting to keep the upfront costs down.
Tthe new two-year fixed rate mortgages will provide borrowers with lower fee options across the intermediary-only lender’s range at 65%, 75%, 80% and 85% loan to values (LTVs).
There is a 1.47% two-year fix with a £495 fee available to both house buyers and remortgage customers with a 25% deposit, which includes free standard valuation.
Alternatively remortgage customers can access a 1.48% two-year fix at 75% which comes with £250 cashback on completion and free standard valuation plus a £495 product fee.
Accord has also has made rate reductions on a range of 65%, 75%, 80% and 85% LTV mortgages by up to 0.18 percentage points.
Deals include a two-year fixed rate mortgage at 1.58% which is available to house purchasers with a 15% deposit. The mortgage has a £995 product fee and has the additional features for £250 cashback on completion and a £995 fee.
David Robinson, national intermediary sales manager at Accord, said: “Rates continue to remain low for borrowers and we’re helping to ensure those borrowers seeking to pay lower fees are also benefiting.
“A lot of borrowers are attracted to a headline low rate but the size of their loan will determine which deal costs them the least overall, which is something their broker can help them with.
“Our fixed rate mortgages – particularly the two year options – have been popular with borrowers looking for low-fee products and our new offerings also come with added features such as cashback on completion or free valuation, which can help to keep down costs even further.”