Window of opportunity: Accord offers 90% LTV deals to first-time buyers

Img

The intermediary arm of Yorkshire Building Society announced the two house purchase mortgage products will be available from 9am on Monday 21 September until 8pm on Tuesday 22 September.

Accord believes offering these coveted products for shorter spells will enable it to better manage demand.

Jeremy Duncombe, director of intermediary distribution for Accord Mortgages, said: “Enabling buyers to secure their first home is crucial to market growth during the pandemic and since March we’ve helped more than 4,000 young people take that first step on the property ladder.

“We received really positive broker feedback for the last launch and whilst we know a more sustained approach is the ideal, by offering these highly sought-after products for shorter periods, we are confident we can maintain service levels whilst supporting first-time buyers on a more regular basis.”

The limited edition range includes a five-year fixed rate at 3.59% at 90% LTV with £495 product fee and free valuation, which is available for loans up to £500,000

The other deal is a five-year fixed rate at 3.69% at 90% LTV with £495 product fee and free valuation. It is available for loans between £500,001 and £600,000.