Accord launches 10 year fixed residential rate

Accord Mortgages launches a 10-year fixed residential rate at 2.69%

Accord has today launched a 10-year residential fixed rate mortgage at 2.69%. The loan is available at 65% LTV for house buyers and remortgagors.

It has a £995 product fee and free standard valuation.

Borrowers can make annual overpayments by up to 10% without incurring early repayment charges, and the mortgage is portable.

Accord mortgage manager Jemma Anderson said:

“We’ve seen demand for longer term fixes increase recently, which is possibly due to economic and political uncertainty as well as the potential upward trajectory of the Bank Rate.

“So we felt it was important to offer a mortgage which will give borrowers long-term value for money and provide them with the reassurance of knowing exactly what their monthly repayments will be for a decade, come what may.”

According to Moneyfacts the market average rate for a 10-year fix is 3.05% as of 20 February.

 

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