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Accord Mortgages returns to market with updated range

Shekina Tuahene
Written By:
Posted:
October 7, 2022
Updated:
October 7, 2022

Accord Mortgages has re-entered the market and launched a range of residential mortgages.

Accord was one of the lenders to temporarily withdraw from the market due to economic uncertainty following the Chancellor’s mini Budget.

Today, the lender has resumed business and launched two and five-year fixes, available up to 85 per cent loan to value (LTV).

This includes a five-year fix at 75 per cent LTV, which has a rate of 5.95 per cent and an equivalent at 85 per cent LTV with a rate of 6.05 per cent. Both come with a £995 fee and are available for house purchase or remortgage.

There is also a two-year fix at 75 per cent LTV which is priced at 6.15 per cent. This has a £1,495 fee and is available for house purchase or remortgage.

 

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‘Plan to introduce more products soon’

Jeremy Duncombe (pictured), managing director at Accord Mortgages, said: “In what remains a volatile market, our primary focus has been to return to lending to give brokers and their clients choice in a way that is responsible for both borrowers and the organisation, while protecting service levels.

“This means that initially our range is slightly smaller than normal, but we plan to introduce more products, including buy-to-let, soon.”