Accord launches leading 2.59% five-year fixed rate mortgage
Accord Mortgages is the latest lender to top the best buy tables by launching an impressive 2.59% five-year fixed rate mortgage.
Borrowers will need a 35% deposit to access this rate and it has a £975 arrangement fee. The APR is 5% and, after the fixed rate period, the mortgage reverts to Accord's standard variable rate, currently 5.99%.
Aaron Strutt, product manager at Trinity Financial, says: “The vast majority of borrowers are taking fixed rate mortgages at the moment and the lenders are really trying to temp them in by lowering their rates.”
This five-year fix is available to both purchase and remortgage customers and it has a maximum loan size of £1.5 million. Early repayment charges apply for the full five-years.
If you would like help to secure a best buy mortgage, call us on 020 7016 0790.
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