Accord cuts its lower deposit mortgage rates.
Accord has announced that mortgage rates across its lower deposit range have been lowered to make home-ownership possible for many more buyers.
For many wanting to climb on the property ladder in recent years, saving a deposit has been difficult. Mortgage deposit requirements have remained high up until the last 8 to 10 months, however with cheaper funding now on offer many lenders are choosing to offer better lower deposit mortgage rates.
Accord advise it is now offering 2 year fixed rate mortgages from 2.19% for up to 80% LTV and 4.04% from 90% LTV. While rates and deposit levels are low, fees are priced high at £1,895. You many need advice from an independent expert to work out if these mortgages are the most competitive overall for your circumstances. A review of the whole market may come up with a better offer.
Accord have however factored in that not all buyers want or have the spare cash to pay larger fee for a lower rate, and have therefore come up with a range of fixed mortgages with lower fees.
For example a 2 year fix for up to 80% LTV mortgage is on offer at 2.49% with £345 fee, and a 2-year fix for up to 90% LTV mortgage is on offer at 4.29% with a £345. Both deals come with the added incentive of either a free standard valuation and £250 cashback for house purchase customers, or free legals for remortgaging customers.
If you would like to review the lender's range or make a comparison against the wider market, contact an impartial adviser at Deal Direct.
Call today on 0800 048 8828 for a low rate mortgage quote.
