Accord Mortgages has strengthened its 95% LTV mortgage range by introducing two new two-year fixed rate products and reducing the rate of its five-year fixed rate.
The intermediary-only lender was the first to re-enter the 5% deposit market back in March.
The products, available to house purchase customers only, are a two-year fixed rate of 3.79%, which comes with a £995 product fee, free standard valuation and £250 cashback, or a fee-free rate of 3.98%, which also comes with free standard valuation.
Accord has also reduced the rate on its five-year fixed rate mortgage from 3.99% to 3.89%, which is available with a £995 product fee and free standard valuation.
Accord mortgage manager, Jemma Anderson, commented: “We’re really pleased to introduce two-year fixed rates to our 95% LTV range, giving brokers more choice for their clients with the smallest deposits.”
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