Accord Mortgages market leading 5 year fixed Mortgage at 2.59 with 35% deposit
The Accord Mortgages market leading 5 year fixed Mortgage with 35% deposit is jaw dropplingly low. It is only available to professional mortgage brokers, such as Niche Advice Limited, and not directly to the general public. Accord Mortgages is a dedicated Intermediary only subsidiary of Yorkshire Building Society, the UK’s second largest mutual Building Society.
Initial Rate: 2.59% Subsequent:5.99% The overall cost for comparison is 4.8%
- Features: 5 year fixed Mortgage until 31/12/2019.
- Minimum deposit / equity: 35%
- Valuation fee: £235
- Other main lender fees: Arrangement fee £845. Application processing fee £130.
- Early repayment charges: 4/4/3/2/1% of the amount repaid in the fixed period.
MY PRODUCT COMMENTS: You have heard of location, location, location – this is simply rate, rate, rate! Having control of your finances was brought sharply into focus by the last recessesion. Mortgage bills are normally the highest part of outgoings so fixing for five years could be the way forwards to protecting your interests.
MY LENDER COMMENTS: Accord Mortgages has a streamlined automated process. Chooses to work with intermediares as it is the best way of handling the interest generated from keen rates such as this!
For more information on our range of 5 year fixed Mortgage products please complete the enquiry form on this page or call us on 020 7993 2044.
Rates current as at 17/10/14. The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let. The product is based on a property in England (but may also be available in other countries). Eligibility will depend on your own personal circumstances.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
For full details about the information on this page please read our product research and disclaimer wording.
Your Home is at Risk if you do not keep up with your mortgage repayments.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on Property financing both on residential and commercial lines.