Cashback and new offset deals at Accord Mortgages

Posted on Monday, January 9 by Joy Tibbs

Accord Mortgages is giving borrowers who opt for an offset mortgage a £1,000 boost when their home loan completes.

For a limited period, borrowers who complete on an offset mortgage with the intermediary-only lender, which is part of Yorkshire Building Society Group, will be credited with £1,000 in their linked offset savings account.

In addition, Accord has extended its range of offset mortgages for both house purchase and remortgage customers, including a choice of home loans with no upfront fees.
Borrowers can opt for a two-year offset at either 2.14% up to 75% loan-to-value (LTV), or at 2.24% up to 80% LTV. Neither mortgage has a product fee and both come with free standard valuation, plus the £1,000.

For those looking to fix for longer, a choice of competitive five-year offset remortgage and mortgage deals is available, including a 2.49% mortgage up to 75% LTV with a £995 fee.

David Robinson, Accord’s national intermediary sales manager, says: “Offsets are an appealing option for borrowers in the current low rate environment.

“An offset mortgage works by literally offsetting a borrower’s savings against their home loan, so they only pay interest on the difference. The more money a borrower has in their savings account the less interest they pay on their mortgage, enabling them to reduce monthly repayments or pay their mortgage off early.

“We wanted to give borrowers a little boost to ensure their offset account works harder for them, plus we hope it will provide brokers with an additional selling point when discussing the benefits of offset mortgage to their clients.”

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