Accord Mortgages has launched two new residential mortgages at 85% LTV, to offer brokers and their clients with smaller deposits more choice.
The intermediary-only lender revealed that its products are in addition to its core range, and will be available for a limited time only.
The products – a two-year fixed rate at 2.53%, and a five-year fixed rate at 2.80% – will be available to both house purchase and remortgage customers. Each has a £995 product fee and comes with £300 cashback and free standard valuation.
Accord mortgage manager, Jemma Anderson, commented: “We’re committed to supporting the market, and hope these latest changes offer brokers and their clients a wider range, especially at higher LTV where choice is more limited.
“As part of our ongoing reviews, service levels will be closely monitored over the next few weeks to ensure we can continue to offer competitive products whilst maintaining the high service levels expected from us.”
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