Accord launches low fee 85pc deals

The move was in response to broker feedback requesting a range of deals to cater specifically to this area of the market according to the lender.

The low-fee low-loan size range will include:

• Two year tracker rate deals from 3.39% with a £495 fee
• Two year fixed rate deals from 3.64% with a £495 fee

The range also includes three and five year deals as well as five year offset products from 4.79% with a £995 fee. Products with incentives such as free legal assistance and property valuation are also included in the range.

Steve McAvan, group intermediary manager – mortgages, at Accord said: “Following the successful pilot of low-fee low-loan size deals earlier this year, our lending partners expressed an interest in similar products available at larger LTVs.

“Our 85% LTV low-fee low-loan size deals are just the latest in a range of product launches designed to cater for the needs of broker clients.

“This year has seen the pilot of the hybrid tracker-to-fix deals developed in partnership with our lending partners, which are now part of our core range, as well as the launch of offset and remortgage versions.”