The number of mortgages available to borrowers with small deposits continues to grow rapidly, with Accord Mortgages improving its choice of new fixed rates at 90% LTV.
Accord has reduced its two-year fixed rate mortgages to as low as 3.89%, and extended customer choice by introducing five-year fixed rate products from 4.39%.
Highlights include:
• 3.89% two-year fixed rate mortgage at 90% LTV for house purchase and remortgage, with £1,845 completion fee.
• 4.14% two-year fixed rate mortgage at 90% LTV with £345 completion fee, and either £250 cashback for home purchasers, or free valuation and free legal assistance for remortgage customers.
• 4.39% five-year fixed rate mortgage at 90% LTV for house purchase and remortgage, with £1,845 completion fee.
• 4.64% five-year fixed rate mortgage at 90% LTV for remortgage with £345 completion fee, free valuation and free legal assistance.
Accord Mortgages product manager Jemma Anderson said: “Our rates for short-term fixed rate mortgages at 90% LTV were already competitive and we’ve reduced these to improve our offering to customers with smaller deposits.
“We’re also improving choice for customers who are seeking longer-term products at 90% LTV.
"The range includes offset options to enable borrowers to make use of their savings to bring down their monthly repayments or reduce the term of their mortgage.”
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