Accord launches 7-year fix
Accord Mortgages has today launched a 7-year fixed rate mortgage and reduced rates on selected 5-year and 10-year fixes.
The 7-year fix is at 75% loan-to-value (LTV) at 2.34%, available for purchases and remortgages. It comes with a £495 fee.
Jemma Anderson, product manager at Accord Mortgages, said: “With continued economic uncertainty we know from feedback that some borrowers are looking to fix their home loan for longer, so we’ve amended our mortgage range to give brokers and their clients more competitive choice.”
The 10-year fix is priced at 2.40% and comes with a £495 completion fee and free standard valuation.
Selected 5-year fixed rate mortgages are also being reduced by up to 0.02%.
The lender is offering an extra £250 cashback on selected remortgages at 95% LTV.
Rachel Springall, finance expert at Moneyfacts.co.uk, added: “Borrowers looking to secure a competitive fixed rate mortgage will find this new deal from Accord highly attractive as it steals the spotlight with a market-leading rate in its sector.
“As with any mortgage, applicants would be wise to weigh up the overall true cost of any deal before they commit.”