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Accord brings back 90 per cent LTV mortgages with permanent range

  • 17/11/2020
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Accord brings back 90 per cent LTV mortgages with permanent range
Following a series of limited 90 per cent loan to value (LTV) tranches, Accord Mortgages has added eight high LTV mortgages to its range for purchase, home mover and remortgage purposes.


The products launch on 18 November and will be the first time the lender has offered 90 per cent LTV mortgages to remortgage customers since it first stopped lending at this tier in March. 

The 90 per cent LTV mortgages include a two-year fixed with a rate of 3.69 per cent and a five-year fixed at 3.79 per cent. 

Both products have a £995 fee and come with a free valuation and paid legals for remortgages. 

Jeremy Duncombe (pictured), director of intermediary distribution at Accord Mortgages, said the steps the lender had taken over the last few months enabled it to manage volumes while maintaining service levels. 

He added Accord was therefore able to reintroduce the 90 per cent LTV products to its range and support more borrowers.  

Duncombe said: “We will continue to monitor service levels but are confident that the criteria changes and increased resource, combined with the support we have received from brokers, have all helped increase our capacity meaning we can offer 90 per cent LTV products for the foreseeable. 

“We remain committed to supporting the housing market and hope that as we go into 2021 more lenders will join us to ensure that advisers have as broad a range of products to offer their clients as possible.” 


Rate and fee reductions 

The lender also reduced rates and fees on mortgages up to 85 per cent LTV and the end dates of all its products have been extended to April.  

For house purchase, there is a two-year fixed at 2.07 per cent, down from was 2.18 per cent at 75 per cent LTV. The fee has been cut from £990 to £495 and the mortgage includes £500 cash back and a free valuation. 

For remortgages, there is a five-year fixed with a rate of 1.95 per cent, reduced from 2.08 per cent at 75 per cent LTV. The fee for this product has also been reduced to £495 from £990. It also has £500 cash back and a free valuation. 


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