Accord Mortgages has launched a series of product transfer mortgages that include up to £250 cashback.
They are available on specific products at up to 85% LTV, and include the lender’s 65% LTV two-year fix at 2.85% coming with £100 cashback and the 75% LTV two-year fix at 3.01% and the 85% LTV five-year fix at 3.33% both offering £250 cashback.
Accord senior manager for new propositions Nicola Alvarez comments: “We know cashback on new lending is really popular, so we’re pleased to be adding this to the options brokers have when considering a product transfer for existing customers too.
“Keeping it simple, brokers don’t need to do anything outside of the existing product transfer process; we’re just adding more choice for advisers and their clients, many of whom may welcome cash in their bank account in the current environment.”
The products launch on Friday 29 April.
The lender adds that further residential product transfer products will see rate increase of up to 30 basis points on the same day.