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Accord expands range of offset mortgages

Accord Mortgages used the beginning of February to launch five new options to its offset range. The intermediary-only lender’s new measures include a choice of mortgages with no upfront fee.

Accord’s new offsets are available to both buyers and borrowers looking to remortgage, with borrowers managing their offset account online via the lender’s website.

The terms include: 2.02% on a two-year fixed rate offset at 85% LTV with no upfront product fee, a 2.44% two-year fixed rate offset at 90% LTV with a £995 product fee, a 2.09% three-year fixed rate offset at 85% LTV with a £995 product fee, 2.19% five-year fixed rate offset at 65% LTV with a £995 product fee and a 2.99% five-year fixed rate offset at 85% LTV with no upfront product fee.

Accord, which is a subsidiary of the Yorkshire Building Society, has also slashed rates on selected 80%, 85% and 90% LTVs by up to 0.30%, including a 1.99% two-year fixed rate at 90% LTV with a £995 product fee (available to buyers and remortgaging customers).

Borrowers looking to remortgage on a longer-term basis can plump for a competitive five-year fix of 2.76% at 90% LTV. This deal comes with free standard valuation and free legal fees, as well as a £995 mortgage product fee.

“The extension of our range is part of a series of improvements to make our offset mortgages more appealing to borrowers,” David Robinson, National Intermediary Sales Manager at Accord, commented.

“These new additions give borrowers with different budgets a greater choice of competitive offset options.”

Robinson added: “Offsets have lots of advantages and can be extremely beneficial for borrowers with a good amount of savings, or those who have less regular incomes due to commission or because they are self-employed. We’re committed to supporting brokers to educate more clients about the cost savings this type of home loan can provide.”

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