Accord Mortgages has launched a new fee-free mortgage for borrowers with a 35% deposit, with added incentives.

The intermediary-only lender, part of Yorkshire Building Society Group, unveiled a two-year fixed rate mortgage at 1.99% at 65 LTV, with no application or product fees.

Borrowers using their mortgage to buy a property will benefit from free standard valuation and £250 cashback on completion, whilst those remortgaging will receive free standard valuation and legal fees.

David Robinson, national intermediary sales manager at Accord, said: “We are very pleased to provide borrowers with a 35% deposit with a fee-free mortgage option to help them minimise the costs of buying a home or remortgaging.

“We hope that they will prove very popular with brokers and borrowers.”

The mortgages have no mortgage application processing fee or product fee. A £90 mortgage fee payable on redemption of the loan does apply.