Accord Mortgages has launched a new range of products in a bid to help first-time buyers and consumers who cannot afford large deposits.
The firm is offering various 90 per cent loan-to-value (LTV) residential mortgages that come with rates up to 0.4 per cent lower than the charges they are replacing.
Its selection now includes a two-year fixed rate product at 4.14 per cent with a £995 fee and a two-year fixed rate deal at 4.34 per cent with a £495 fee and remortgage packages, plus a five-year fixed rate mortgage at 4.44 per cent with a £995 fee.
According to Jemma Smith, product manager at the financial services company, the new range is very competitive and likely to appeal to prospective property buyers with smaller deposits.
She added: “We try to support all types of borrowers across the various LTV levels and first-time buyers in particular should really benefit from these new mortgages.”
Recent research carried out by MoneySupermarket revealed mortgage rates in the UK have fallen to an all-time low and consumers benefiting from the best deals are those with bigger deposits.
