Accord Mortgages is offering a two-year fix at 0.99%.
The deal is available up to 80% loan-to-value (LTV) – i.e. if you have a 20% deposit. This is the lowest fixed 80% LTV mortgage on the market.
However, you need to factor in an arrangement fee of £1,495. To work out of this is the best deal for you, you need to add up the monthly payments over two years (i.e. 24 x your monthly payment) plus the £1,495 fee. Then compare it to other deals using the same calculation.
As a general rule, the bigger your mortgage the more important the rate and the less important the fee, and vice versa.
The deal comes with a free valuation. It’s available to both house purchase and remortgage borrowers.
I’ve linked to Accord’s site for the details but you’ll need to apply using a mortgage broker as Accord (part of Yorkshire building society) is an intermediary-only lender. But you need to be quick – it’ll only be around for a limited time and Accord haven’t stated how long.
7 comments
humadoon
24 Sep 17#7
1500 quid fee that's a day light robbery
Tuscan915
20 Sep 17#6
Great deal. Shame we've got another few months to wait before our current term ends, otherwise this would be perfect for us.
M1LFHunter
20 Sep 17#4
20% deposit, England Wales only and a £1495 fee, yeah, the klaxon just stopped.
Shard to M1LFHunter
20 Sep 17#5
They've pretty much answered this in the comment above yours, and in the main description. Don't know what else they could have done
marathonic
20 Sep 17#2
Missed the most important detail - £1,495 fee
writergirl74 to marathonic
20 Sep 17#3
I mentioned the fee, about half way down, and how to calculate how good a deal it is compared to others. Thanks.
stujam
20 Sep 17#1
Note : only available for England and Wales otherwise some good deals
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Opening post
Accord Mortgages is offering a two-year fix at 0.99%.
The deal is available up to 80% loan-to-value (LTV) – i.e. if you have a 20% deposit.
This is the lowest fixed 80% LTV mortgage on the market.
However, you need to factor in an arrangement fee of £1,495. To work out of this is the best deal for you, you need to add up the monthly payments over two years (i.e. 24 x your monthly payment) plus the £1,495 fee. Then compare it to other deals using the same calculation.
As a general rule, the bigger your mortgage the more important the rate and the less important the fee, and vice versa.
The deal comes with a free valuation. It’s available to both house purchase and remortgage borrowers.
I’ve linked to Accord’s site for the details but you’ll need to apply using a mortgage broker as Accord (part of Yorkshire building society) is an intermediary-only lender.
But you need to be quick – it’ll only be around for a limited time and Accord haven’t stated how long.
7 comments