Accord Mortgages has launched a new residential and buy-to-let product range, effective today, with rate reductions across multiple products and a £500 cashback incentive for first-time buyers.
The intermediary-only lender’s new residential range features fixed rates starting from 4.51% up to 90% loan-to-value (LTV), with products up to 95% LTV beginning at 5.04%.
Accord’s buy-to-let range offers rates from 4.05% on 2-year products up to 75% LTV, from 4.27% on 5-year products up to 75% LTV, and from 4.83% on two-year products up to 80% LTV.
Highlights of the residential range include a 2-year fix at 4.51% exclusively for first-time buyers at 90% LTV, which comes with a £495 fee, £500 cashback and free valuation; a 3-year fix at 4.26% for remortgages at 75% LTV, with a £495 fee, free valuation and legal service; and a fee-free 5-year fix at 4.51% for purchasers at 85% LTV, with £300 cashback and free valuation.
Within the buy-to-let range, standouts include a 5-year fix at 60% LTV for purchase at 4.17%, a 2-year fix at 75% LTV for remortgage at 4.35%, and a 5-year fix at 60% LTV for remortgage at 4.27%, all of which come with valuation and legal incentives.
Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re always keen to pass on additional value to our brokers and their clients – whether they are looking to buy a home, remortgaging or funding a buy-to-let property, and so we’re really pleased to have been able to launch this range offering cheaper rates across many products.
“The exclusive cashback offering for first-time buyers, aimed at helping them with the significant costs incurred by moving into their first home, is the latest example of our commitment to helping this particular group of borrowers to secure a footing on the housing ladder.”
