Accord relaunches 10% deposit mortgages for two days only

by Aaron Strutt

Sep 03 2020

Accord Mortgages is re-entering the first-time-buyer 10% deposit mortgage market for two days only next week.

The broker-only lender owned by the Yorkshire Building Society will have two five-year fixed rate products for house-purchases only, which will be available from 9 am Monday 7 September to 8 pm on Tuesday 8 September.

There will be a 3.59% rate for mortgages up to £500,000 and 3.69% for mortgages loans between £500,001 and £600,000. Both products have a £495 arrangement fee and a free valuation.

Aaron Strutt, product director at Trinity Financial, says: "There are not many lenders offering 10% deposit mortgages at the moment, especially with HSBC and Platform pulling their products. It is unusual for a lender to limit the availability of its products for short space of time, but Coventry Building Society did something similar."

At least one applicant must be a first-time-buyer and Accord classes a first-time buyer as someone who has never owned a property or held a mortgage before. 

Call Trinity Financial on 020 7016 0790 to secure a first-time buyer mortgage or book a consultation