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Accord launches new fixed and tracker products
Mortgage Solutions | 24 Nov 2009 | 09:52
Accord Mortgages has launched new fixed and tracker products including an 85% LTV two year fixed rate at 6.39%.
It has also introduced a two year fixed rate at 4.09% at 75% LTV. The range of tracker products includes a two year 75% LTV tracker at 3.00% (Bank of England rate +2.50%) and a two year 85% LTV tracker at 4.49% (Bank of England rate +3.99).
Capped tracker product rates are reduced by up to 0.39% and start from 3.49% (BoE +2.99%) for two years at 75% LTV.
Accord has also increased its maximum loan size from £350,000 to £750,000.
Cate Hillis, strategic development director at Accord Mortgages said it made changes to the semi-exclusive range after listening to feedback from its lending partners.
She added: "With the trend in the market being for trackers we think we have given them a great proposition."
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