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Accord launches five-year fix at 3.29%; Law leaves mutual

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  • 08/10/2012
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Accord launches five-year fix at 3.29%; Law leaves mutual
Lender Accord has launched four fixed rate mortgages, including a five-year with a 3.29% rate in another short-term promotion.

The 70% and 80% LTV products go on sale from Wednesday this week for 10 days until the close of business on Friday 19 October.

All products include free valuations, £250 cash back on completion and £995 fees.

The rates are:

• 70% LTV five year fixed rate at 3.29%
• 70% LTV offset five year fixed rate at 3.49%
• 80 % LTV two year fixed rate at 3.49%
• 80% LTV three year fixed rate at 3.69%

Accord Mortgages group intermediary product manager, Steve McAvan, said: “The autumn leaves are falling and so are our rates.

“Our last 10-day product promotion, in August, was very popular and we hope these mortgages will prove equally successful.

“Brokers and borrowers really benefit from short-term deals like this. It allows us to offer extremely competitive products while giving brokers the certainty of availability that is paramount to their relationships with clients.”

In a recent move, Yorkshire BS restructured its buy-to-let team at the mutual, followed by department boss Jeremy Law leaving the society in August.

Law was previously head of mortgages at Bradford & Bingley and joined the Yorkshire in February 2011 to drive its buy-to-let strategy.

Tanya Jackson, Yorkshire Building Society’s corporate affairs manager, said: “We have made changes to the structure of our buy-to-let team and this has led to Jeremy Law leaving the Yorkshire.

“Buy-to-let is a growing area of the Society’s business and we expect this to continue during 2013. We thank Jeremy for his contribution to the Society and wish him all the best for the future.”

National account manager Chris Maggs will head up the society’s buy-to-let strategy.

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