First time buyers helped by 0.40% rate reduction

Accord Mortgages has increased the support it lends to first time buyers and people with smaller deposits.

It has launched a series of new 90% loan-to-value residential mortgages with rates up to 0.40% lower than the products they are replacing.
 
New products include:

2 year fixed rate at 4.14% with £995 product fee
2 year fixed rate at 4.34% with £495 product fee and remortgage / purchase package
5 year fixed rate at 4.44% with £995 product fee
 
The range, which is available for house purchase or remortgage, includes products offering cashback on completion of up to £250 and valuation assistance.
 
Jemma Smith, Accord Product Manager, said: "These are very competitive rates which will appeal to people with smaller deposits.
 
"We try to support all types of borrowers across the various loan-to-value levels and first time buyers in particular should really benefit from these new mortgages."
 
To view the current product range visit accordmortgages.com.