15-YEAR FIXED RATE MORTGAGE -
Accord extends its longer-term options
- Intermediary lender adds a 15-year fixed rate mortgage at 2.89% at 75% loan-to-value (LTV) available today (Tuesday 27 August)
- Complements existing five, seven and ten-year fixed rate products at same LTV
Accord Mortgages has entered the 15-year fixed rate mortgage market with a new product for clients wanting long-term stability.
Available to both house purchasers and those looking to remortgage, the 15-year fixed rate at 2.89% is available for those requiring 75% LTV and comes with free valuation and a £495 product fee.
Responding to customer demand for longer-term fixes, Accord now offers five, seven, 10 and 15 year fixed rate products, providing a range of options for brokers with clients wanting to guarantee their mortgage payments.
Jemma Anderson, product manager at Accord Mortgages said:
Customer needs are changing and for borrowers looking to purchase or renew their home loan, securing a fixed rate for longer can provide peace of mind.
We are launching the 15-year fixed rate to offer additional longer-term options for brokers to discuss with their clients, ensuring they can find the best product for their circumstances.
Yorkshire Building Society, of which Accord Mortgages is a part of, has also launched a range of 15 year mortgages today, including the same fixed rate of 2.89% for borrowers needing 75% LTV.