"To maximise keeping costs low for borrowers we’ve tried to include a hat-trick of incentives on 95% of this new range – including free legals"
The intermediary-only lender has cut high-LTV rates and is now offering a fee-free 3.99% two-year fixed rate mortgage at 95% LTV, as well as almost halving the product fee on its 3.65% two-year 95% LTV fix which is now at £495.
Both house purchase deals come with £500 cashback on completion and free standard valuation.
In contrast, remortgaging customers with a larger deposit can choose a 1.70% two-year fix at 75% LTV which has a £495 fee plus £250 cashback on completion and free standard valuation and no legal fees.
Accord has also launched a fee-free two-year remortgage deal at 2.11% up to 80% LTV with £250 cashback on completion and free standard valuation and no legal fees.
Jemma Anderson, mortgage manager at Accord, said: “We’ve aimed to offer a combination of competitive rates and a choice of additional incentives which we hope will appeal to a range of different customers.
“Cashback is always a popular choice with borrowers. However we’ve received feedback that brokers placing cases with us are having positive experiences with our free legal service partners, which is pleasing. Therefore to maximise keeping costs low for borrowers we’ve tried to include a hat-trick of incentives on 95% of this new range – including free legals.”
