You are here: Home - News -

Accord unveils sub-1% mortgage at 80% LTV

  • 18/09/2017
  • 0
Accord unveils sub-1% mortgage at 80% LTV
Accord is launching a sub-1% mortgage into the broker market – the lowest ever deal available to the broker market at 80% loan-to-value (LTV).

The deal is available from 19 September for purchases and remortgage and Mortgage Solutions understands it will have limited funds.

The two-year fixed-rate deal is available at 0.99% and comes with a £1,495 fee on completion and includes free valuation for purchases and remortgage.

Moneyfacts confirmed that the product will launch as the lowest ever recorded at 80% loan-to-value regardless of channel.

Accord national intermediary sales manager David Robinson said: “We have a reputation for offering competitive rates. We’re really proud to launch this new deal as not only is it our lowest ever rate it’s also one of the most competitive mortgages available across the market at present.

“This new mortgage is available to any borrower with a minimum deposit of 20% and gives brokers the chance to proactively contact clients who are looking to snap up a great rate.

“This offer will not be around for long so anyone who is interested will need to act fast. We will give brokers 24 hours’ notice before we take the mortgage off-sale,” he added.


Extraordinary rate

Coreco director Andrew Montlake was pleasantly surprised by the deal.

“This really is an extraordinary rate, especially given the recent comments from the Bank of England on the fact that rate rises may be imminent,” he said.

“This shows the competitiveness of the mortgage market at present and it is great to see a good lender such as Accord being proactive like this. The fact that this is available up to 80% LTV is an added bonus and will give borrowers who often miss out on the very cheapest rates available a chance to enjoy the benefits.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
couple looking at house advert in window
Estate agents fined £370,000 for forming secret illegal cartel

The Competition and Markets Authority (CMA) has questioned whether estate agents are taking serious consideration to anti-competition business practices.