Accord launch tracker to fixed rate mortgage

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  • Accord Mortgages, the broking lending arm of the Yorkshire Building Society, has launched a five-year tracker to fixed mortgage. The pay rate is initially 2.19% (1.69% over the Bank of England base rate) for two-years and it the goes on to a three-year fixed rate at 3.64%. Borrowers normally revert strait to their lenders variable rate so this is something quite different. The deposit required is 25% of the loan amount and the £1995 arrangement fee can be added on to the loan. July 20, 2011
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