You are here: Home - News -

Accord adds low upfront cost first-time buyer mortgage range

by:
  • 27/04/2018
  • 0
Accord adds low upfront cost first-time buyer mortgage range
Accord Mortgages has launched a range of 95% loan-to-value (LTV) mortgages for first-time home owners.

 

 

The new two and five-year deals all have £1,000 cashback on completion plus free standard valuation to help with the upfront costs of buying a first home.

Fee-free options are available including a two-year fix at 3.94%, or a five-year fix at 4.40%.

 

Cut rates

And the lender has also reduced rates on selected high LTV options available to both first-time buyers and house purchasers with small deposits by up to 0.05%.

This includes a 3.63% two-year fix at 95% LTV with £495 product fee and a 4.19% five-year fix at 95% LTV with a £995 fee.

Both mortgages come with £500 cashback on completion and free standard valuation.

Accord mortgage manager Jemma Anderson (pictured) said: “Conditions have been favourable for new borrowers lately as some barriers to first-time ownership have been removed, such as stamp duty for properties valued below £300,000.

“Research we conducted last year highlighted the main barrier to owning a first home were the upfront costs involved, so this dedicated first-time buyer range has been designed with this in mind offering £1,000 cashback, free valuations and fee-free options.”

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.

Profiles

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.

Marketwatch

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.

Poll

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.
Read previous post:
FCA’s retirement interest-only change shows engagement with industry – Ellis

The Financial Conduct Authority’s (FCA) recent addition of retirement interest-only (RIO) mortgages to the handbook will enable a new breed...

Close