Accord Mortgages is introducing a new range of 2-year tracker mortgages, as borrowers aim to keep their options open amidst interest rate uncertainty.
Launching today (the 16th of December 2022), the new products are available to both residential and buy-to-let clients, with options up to 85% loan-to-value (LTV) for residential clients, and with variable rates starting at just 4.19% at 75% LTV.
Landlords will also be able to benefit from new products up to 75% LTV, with variable rates starting from just 4.32% at 60% LTV.
Simon Garner, mortgage manager at Accord, said: “We’ve seen an uptick in demand for our discounted variable-rate products in recent weeks, and wanted to offer a more straightforward range for brokers and their clients.
“We have also acted on feedback that base rate trackers are well understood by clients, so we’re pleased to launch a number of tracker products to our residential and buy-to-let ranges.”
Both the buy-to-let and residential ranges have products available for house purchase and remortgage, and all products come with a £995 fee and free standard valuation.
Residential clients will benefit from a new variable rate of 4.19% at 75% LTV, for house purchase, as well as a variable rate of 4.39% at 85% LTV, for those looking to remortgage.
As for buy-to-let, Accord has introduced a new variable rate of 4.32% at 60% LTV, available for house purchase and remortgaging, with £250 cashback.
Buy-to-let clients could also benefit from a new variable rate of 4.33% at 65% LTV, available for remortgaging, with free remortgage legal services.
