Accord Mortgages is reducing selected rates across its residential mortgages this week by as much as 0.53% in order to offer brokers and their clients better value.
From 9am on Wednesday the 26th of October, the intermediary-only lender will also reduce selected product fees by £500 and introduce a new ten-year fixed rate product at 75% loan-to-value (LTV) at 6.08%.
Highlights of the new range include a five-year fixed rate of 5.70% at 75% LTV, a five-year fixed rate of 5.90% at 90% LTV, and a five-year fixed rate of 5.80% at 85% LTV.
All the above five-year fixed rates come with a £495 fee.
Brokers helping clients with the smallest deposits will also benefit from improved rates at 95% LTV, with rate reductions of up to 0.52%.
Gemma Hyland, mortgage manager at Accord Mortgages, said: “We’re pleased to be able to make rate reductions on selected products across our residential mortgage range as part of our commitment to supporting the market.
“We’re sure these latest changes, including some lower fees, will be welcome news for brokers looking for good value for their clients.”
