Accord issues 90% LTV products for another two days | Mortgage Strategy

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Accord is repeating its two-day sale on 90 per cent LTV first-time buyer products that first occurred in early September.

The mortgages will be available from 9am on Monday 21 September until 8pm on Tuesday 22 September.

They comprise a five-year fixed rate at 3.59 per cent for loans of up to £500,000 and a five-year fixed rate at 3.69 per cent for loans between £501,000 and £600,000.

Both come with a free valuation and charge a £495 product fee.

Accord director of intermediary distribution Jeremy Duncombe says: “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.

“Thanks to our underwriting team working incredibly hard to process the applications and the support we’ve received from brokers submitting well-packaged cases and using our online portal for updates, we’ve been able to manage our capacity and return to this currently underserved market in record time.

“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.”


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