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Accord offers £500 extra cashback to first-time buyers

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  • 08/02/2016
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Accord offers £500 extra cashback to first-time buyers
Accord Mortgages is offering first-time buyers taking out fixed-rate mortgages with 90% or 95% loan-to-value (LTV) an extra £500 cashback on top of existing incentives upon completion.

Under the new offer, a buyer taking out a 2.59% two-year fixed rate with a 10% deposit, which carries a £845 product fee, free valuation and £250 cashback, would receive £750 on completion.

The extra cashback has been designed to help first-time buyers with the upfront costs of moving into their first home.

David Robinson, national intermediary sales manager of Accord, said: “Many first-time buyers turn to a broker for advice, so we hope this extra bonus with our high LTV range will appeal to intermediaries who are helping their clients get their first step onto the property ladder.”

In late November, Accord lowered the rates on its 90% LTV two-year fixed rate product.

Accord is the lender arm of Yorkshire Building Society, which launched a £1,000 cashback incentive to first-time buyers in May last year.

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