Accord has cut rates on its residential range by up to 0.16%, and has added offset options to its Boost LTI range, with rates starting from just 5.95%.
The Boost LTI range offers up to 5.5-times loan-to-income (LTI) for clients with household earnings of £60,000 or above, who need more flexibility around income multiples.
By adding an offset option, Accord gave borrowers the option to use their savings to lower their monthly mortgage payments, or to reduce the term of their mortgage.
Launching today (25th July), products in the new range include a Boost LTI offset 5-year fixed rate up to 75% loan-to-value (LTV) at 5.95%, available for house purchase, featuring a £995 product fee, £250 cashback and free standard valuation.
Other products include a 2-year fix to 75% LTV for remortgagers at 6.23%, down from 6.39%, with free standard valuation, a £995 product fee and £500 cashback (increased from £250), as well as a 5-year fix at 95% LTV at 6.25% (was 6.65%) with a £495 fee and free standard valuation, and is available for house purchase.
The intermediary-only lender also extended product end-dates to November.
Gemma Hyland, mortgage product manager, said: “We’re so pleased to introduce both more choice and better value to our product range.
“The addition of Boost LTI Offset will provide borrowers with the option to utlise any savings they have set aside to bring down their mortgage payments or reduce their term, something which may be very welcome in the current economic climate.”
