Yorkshire Building Society’s subsidiary, Accord Mortgages, has added a product transfer range aimed at residential borrowers to give brokers and clients more choice.
The range will be available from 29 April and the lender will give up to £250 cashback on selected product transfers.
This will then be paid directly into the bank account that the client’s direct debit comes from upon completion.
The lender is withdrawing its current product transfer range tomorrow at 8pm, and other residential product transfer options will be increased by 0.3 per cent.
Products include a two-year fixed rate at 65 per cent loan to value (LTV) with a rate of 2.89 per cent which comes with £100 cashback.
There is also a two-year fixed rate at 75 per cent LTV priced at 3.01 per cent, and a five-year fixed rate at 85 per cent LTV with a rate of 3.33 per cent. They both come with £250 cashback.
Nicola Alvarez (pictured), senior manager for new propositions at Accord, said: “We know cashback on new lending is really popular, so we’re pleased to be adding this to the options brokers have when considering a product transfer for existing customers too.
“Keeping it simple, brokers don’t need to do anything outside of the existing product transfer process – we’re just adding more choice for advisers and their clients, many of whom may welcome cash in their bank account in the current environment.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
