By What is Accord Mortgages standard variable rate?
The mortgages, which are new to Accord’s range, are variable rates that track the lender’s Standard Variable Rate (SVR), currently 4.99%, at a discounted rate. Available at 60% loan-to-value (LTV) is a two-year discounted SVR mortgage at 1.59%, based on an SVR discount of 3.40%.
What was the average mortgage interest rate in 2015?
3.85%
In 2015, mortgage rates fell back to 3.85% as the market calmed down.
What is the standard variable rate?
A standard variable rate (SVR) is an interest rate set by your lender. It is the default interest rate that mortgage customers are moved onto when their initial deal ends. For example, if you take out a two-year fixed-rate mortgage then after two years, if you don’t remortgage, you will be moved onto your lender’s SVR.
What was the 15 year mortgage rate in 2014?
3.29%
Average 15-year mortgage rates since 1992
| Year | Average 15-Year Rate |
|---|---|
| 2011 | 3.68% |
| 2012 | 2.93% |
| 2013 | 3.11% |
| 2014 | 3.29% |
Who is Accord mortgages owned by?
Accord Mortgages is a dedicated intermediary only subsidiary of Yorkshire Building Society, one of the strongest financial services businesses in the UK.
Are Accord Mortgages portable?
All Accord Mortgages products are “Portable” – this means that borrowers who are moving home can keep their Accord mortgage product with the same interest rate and product terms.
What is Natwest’s variable rate?
The current standard variable rate (SVR) for Natwest Mortgages is 3.59% which is in line with the industry average and 3.49% above the BOE base rate.
What does maximum variable rate mean?
The maximum variable rate is a special promotional interest rate or bonus interest rate providers sometimes offer on top of the standard variable rate. This offer typically has an expiry date, after which it will revert to the standard variable rate.
Is accord a good lender?
Would I recommend Accord? Yes BUT they’re an intermediary only lender. They work best when you have a good broker who has a good relationship with them. If your broker is recommending Accord to you, take time to understand how he or she has worked well with Accord in the past.
Who is the CEO of Accord Mortgages?
Jeremy Duncombe
Jeremy Duncombe has been named managing director of Accord Mortgages. The Yorkshire Building Society, Accord’s parent company, announced today (November 20) that Mr Duncombe would take over the role from January 2021.