Accord launches 5% deposit rates available up to £600,000

by Aaron Strutt

Nov 10 2019

Accord Mortgages has launched a range of 5% and 10% deposit rates available for mortgages up to £600,000.

This is a relatively unusual move from Accord because many of the banks and building society limit loan sizes for those with smaller deposits. 

How much do Santander and NatWest lend if you have a 5% deposit for a mortgage?

NatWest has a £570,000 maximum loan if you have a 5 per cent deposit, but the application is capped at four times either single or joint salaries. Santander’s maximum loan is also £570,000 with a 5 per cent deposit, and the income multiple is limited to five times salary.

Aaron Strutt, product director at Trinity Financial, says: "Accord's new mortgage loan size is more generous, but wealthier borrowers can secure bigger deals with a small deposit. Trinity Financial recently arranged a £999,999 for a client purchasing a new home, and he had a 10% deposit."

Call Trinity Financial on 020 7016 0790 to secure a mortgage