Accord Mortgages has reduced rates on selected residential and buy-to-let mortgages, with higher loan-to-value (LTV) products seeing the greatest rate reductions.
Highlights for residential borrowers include a 5-year fixed rate of 2.69%, down from 3.29%, for new build house purchases at 90% LTV, which comes with a £495 fee, £250 cashback and free standard valuation.
Other 5-year fixed rate highlights include a 90% LTV product at 2.39% and a 95% LTV reduced to 2.99%, both with a £495 fee, £500 cashback and free standard valuation.
Additionally, a 10-year fixed rate has fallen to 2.15% at 75% LTV, available for purchase or remortgage with a £495 fee and free standard valuation.
Selected 5-year rates at 85% LTV have also been reduced by 0.10%, for both house purchase and remortgages.
Buy-to-let highlights at 80% LTV include a 2-year fixed rate at 2.91% for purchase or remortgage with a £995 fee, free standard valuation and £250 cashback or free legal services for remortgagors.
A 2-year discounted standard variable rate has also been reduced by 0.20% to 2.71% at 80% LTV for both purchase and remortgage, with a £995 fee.
Jemma Anderson (pictured), mortgage manager at Accord Mortgages, said: “We’ve made changes to our range of higher LTVs to give brokers supporting borrowers with smaller deposits more competitive choice when considering longer terms.”
