Accord returns to 80% LTV lending

9 February 2021 | General

Accord Mortgages returned to the 75% and 80% loan-to-value (LTV) residential mortgage market this week.

The lender has also made reductions on 90% LTV products.

Jeremy Duncombe, Accord’s managing director, said: “I’m pleased to say that our colleagues have been able to return to work, and so we will be re-launching our full product range on Thursday 11 February, having also extended end dates, and reviewed pricing and incentives.

“We have continued to accept applications and lend on all other products in the current range, supporting customers and brokers at higher loan-to-values where choice is more limited, and want to thank brokers for their patience and understanding during this period.”

There is a two-year 75% LTV product for remortgage at 1.84% with a £495 product fee, with remortgage legal service and £250 cashback on completion.

There is also a five-year 75% LTV at 1.87% for house purchase, with a £495 product fee and £500 cashback on completion.

Meanwhile a two-year 90% LTV mortgage stands at 3.78% for house purchase with no product fee and £750 cashback on completion.

This post has originally been featured in Property Wire.