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Accord launches high LTV first-time buyer range

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  • 02/12/2019
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Accord launches high LTV first-time buyer range
Accord Mortgages has launched a range of high loan to value (LTV) products in a drive to help more first-time buyers get on the property ladder.

 

The nine new products, specifically for those buying their first home, are available at 90 per cent and 95 per cent LTV on two and five-year fixed terms. All the deals come with an additional £250 cashback on top of what what offered for previous high LTV first-time buyer products.  

The new range includes options for new-build houses and flats at 90 per cent LTV.  

At 90 per cent LTV, there’s a two-year fixed rate at 2.39 per cent, with £495 product fee, free standard valuation and £1,250 cashback. The five-year fixed rate is 2.68 per cent, with £0 product fee, free standard valuation and £1,250 cashback.

Also at 90 per cent LTV, for a new-build house, a two-year fixed rate at 2.60 per cent, with £749 product fee, free standard valuation and £1,250 cashback. 

At 95 per cent LTV, the two-year fixed rate is 3.12 per cent, with £495 product fee, free standard valuation and £1,250 cashback. And the five-year fixed rate is 3.27 per cent, with £495 product fee, free standard valuation and £1,250 cashback. 

Jemma Anderson (pictured), Accord product manager, said: “We know that the current climate presents many challenges to first-time buyers so these new products enable buyers with smaller deposits more options to get the home they want.”  

She added: “We’ve recently made a number of criteria changes to improve affordability for those starting on the property ladder, such as increasing the maximum term from 35 to 40 years to help make monthly payments more manageable.  

“We hope this new range offers those looking to buy their own home a bit more support.” 

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