Two competitive fixed-rate mortgages with no upfront fees and added features have been launched by Accord Mortgages. The move has been carried out to help borrowers manage the upfront costs of remortgaging.
The two new mortgages on offer are as follows: a two-year fix at 1.66% and 65% LTV; and a five-year fixed-rate deal at 2.24%, with an LTV of 75%. Both mortgages offer free standard valuation, free legal fees and no upfront product cost.
Accord, an intermediary-only lender which is part of the Yorkshire Building Society, has also slashed its rates by up to 0.10% across selected 65%, 75% and 80% LTV fixed-rate mortgages.
Remortgage customers can now benefit from a 1.33% two-year fix and a 1.89% five-year fix, both available at 65% LTV with a £995 fee. Both include free standard valuation and free legal fees. Also available is a three-year fix at 1.99%, with 75% LTV. This includes no legal fees and no upfront fees, and also comes with free standard valuation.
Furthermore, Accord has cut the rate on its two-year base rate tracker at 65% LTV, down by 0.05% to 1.24%. Borrowers are afforded greater flexibility with this mortgage, as they are able to exit it early without accruing any early redemption fees.
“It is proving to be a popular time for borrowers to remortgage at the moment, especially those seeking lower loan-to-value deals,” David Robinson, National Intermediary Sales Manager at Accord, said.
“We believe that our new remortgage options will prove popular amongst borrowers and the options across the different terms, plus the additional features, will help brokers to choose the best loan to suit their clients’ requirements.”