Accord Mortgages improve their large mortgage loans

by Aaron Strutt

Aug 14 2013

Accord Mortgages, the broker lending arm of the Yorkshire Building Society, is offering some of the lowest large mortgage loan fixed rate mortgages in the market.

Accord's two-year fixed rate is as low as 1.79% and it is available to borrowers with a 35% deposit. The mortgage has an £1,845 arrangement fee and it is available for loans between £30,000 and £3 million.

For borrowers looking to put down a 25% deposit, Accord also offers a two-year fixed rate at 2.19% or a five-year fix at 3.09%. Both mortgages have low arrangement fees at £845 and they are also available for loans between £30,000 and £3 million.

Many of the private banks ask borrowers to put down up to half of the mortgage amount to invest with them as part of the deal and this puts many borrowers off. Accord do not ask for assets to be transferred and this makes them significantly more attractive than many other lenders, particularly for mortgages above £1 million and £2 million.

The Bank of England reports that there has been stronger demand for credit over the last few months and lenders are continuing to access cheaper funding. In another positive sign, The Royal Institution of Chartered Surveyors has also predicted an increase in house prices over the next three months.

If you would like help to secure a large mortgage loan, call Trinity Financial on 020 7016 0790.

August 14, 2013