Accord, the intermediary arm of Yorkshire Building Society confirmed that no rates will increase in this launch, ecspecially for 65%, 75% and 85% LTV products.
Martin McIntosh, Accord product manager said: “While some lenders have focussed on making their rates more competitive for lower LTV mortgages, we have made these changes to products across the range.”
Accord added that it will be changing the minimum loan size for its 85% and 90% LTV products. The minimum loan will become £75,000 at 85% LTV and 90% LTV.
The lender has also introduced two fixed rate mortgages to its range including an 85% LTV mortgage fixed for two years at 4.59%, available for house purchase and remortgage; and a 90% LTV mortgage fixed for two years at 5.19%, with incentives, for house purchase only.
All Accord mortgage products are portable.
