Accord and Clydesdale relaunch mortgage products | Mortgage Strategy

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Accord Mortgages has reintroduced a range of fixed rate residential mortgage products following a temporary withdrawal from the market.

The intermediary-only lender is now offering two and five-year products up to 85% loan-to-value with rates starting from 5.95%.

Deals for purchase and remortgage include a five-year fix at 75% LTV with a rate of 5.95% and a £995 fee; a five-year fix at 85% LTV with a £995 fee; and a two-year fix at 75% LTV with a rate of 6.15% and a £1,495 fee.

Accord Mortgages managing director Jeremy Duncombe says: “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.”

Clydesdale Bank has also reintroduced a number of residential and buy-to-let products today, following withdrawal last week.

A two-year fix is available for £1m+ at 65%- 85% LTV with increased rates from 6.19%, while a five-year fix for £1m+ has launched for 65% – 85% LTV from 5.84%.

Further products include a two year fix for 75% – 80% LTV from 6.29% and a five-year fix at 75%-85% LTV from 5.94%.

A 90% LTV deal for loans of £600K to £1m has relaunched on two and five-year fixed terms from 6.39% and professional and selected Newly Qualified Professional products will be relaunched from 5.89%.

Clydesdale has also relaunched selected buy-to-let fixed rates from 6%.


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