Accord extends offset range

The new offsets include a 2.02% 2-year fixed rate offset at 85% loan-to-value with no upfront product fee, a 2.09% 3-year fixed rate offset at 85% LTV and a 2.19% 5-year fixed rate offset at 65% LTV both with a £995 product fee.

Accord extends offset range

Accord Mortgages has introduced five new options to its offset range available to both buyers and borrowers looking to remortgage over a choice of different terms.

The new offsets include a 2.02% 2-year fixed rate offset at 85% loan-to-value with no upfront product fee, a 2.09% 3-year fixed rate offset at 85% LTV and a 2.19% 5-year fixed rate offset at 65% LTV both with a £995 product fee.

The intermediary only lender has also reduced rates on selected 80%, 85% and 90% LTVs by up to 30% including a 1.99% 2-year fix at 90% LTV with a £995 product fee available to buyers and remortgaging customers.

Those who wish to remortgage over a longer term can opt for a competitive 5-year fix at 2.76% at 90% LTV which comes with a £995 product fee with free standard valuation and legal fees.

David Robinson, national intermediary sales manager at Accord, said: “The extension of our range is part of a series of improvements to make our offset mortgages more appealing to borrowers.

“These new additions give borrowers with different budgets a greater choice of competitive offset options.

“We’re committed to supporting brokers to educate more clients about the cost savings this type of home loan can provide.”

The extended offsets also include a 2.44% 2-year fixed rate offset at 90% LTV with a £995 product fee and a 2.99% 5-year fixed rate offset at 85% LTV with no upfront product fee.