Accord launches new tracker mortgage.
Accord is hoping to attract the attention of savers by launching a new 2 year tracker mortgage. A tracker gives the borrower the option of using their savings to overpay the monthly repayments, thereby bringing down the loan amount more quickly.
The mortgage is for up to 65% loan to value, has an interest rate of 1.29%, and a fee to pay that should be factored into the calculations to determine all-round value.
Accord has also introduced two other deals. The details are:
- 2 year fixed rate for up to 65% LTV, with an interest rate of 1.32%
- 2 year fixed rate for up to 85% LTV, with an interest rate of 1.62%
Both options have a product fee attached, but include a free valuation, and are available to those seeking to purchase or remortgage.
The market is changing rapidly and Accord is one of many lenders across the UK who are reviewing their ranges and offering new home loan options to borrowers. But their lending criteria is also changing with each lender imposing their own terms and conditions on the loans they offer.
Deal Direct are continually reviewing the latest products and keep abreast of these changes, so we can help you source the best value deal.
As all mortgage applications are now subject to strict affordability tests, applicants need as much professional support as possible to find the right mortgage for them and to be successful in gaining approval.
For home financing, contact the mortgage experts – Deal Direct on 0800 048 8828 today.
