Accord has introduced its fourth round of rate cuts in as many weeks to help brokers support their clients who are under pressure amidst rising costs.
Products affected include a variety of initial fixed terms across a range of loan-to-values (LTVs) up to 95%.
The intermediary-only lender has also expanded its range at 60% LTV, which includes a new 5-year product priced at a competitive 4.91%.
The latest rate reductions range from 0.05% to 0.45% and take effect from today (Wednesday the 30th of November) at 8am.
Gemma Hyland, mortgage manager at Accord, said: “We’ve seen some positive downward movement in market swap rates, and have therefore decided to reduce rates across a variety of LTVs and initial fixed terms, and extend end dates until April, offering brokers and their clients even better choice and value.
“We understand that people are struggling with the pressures of rising costs, as well as higher mortgage interest rates, at the moment.
“We hope this new range will offer something positive for brokers supporting borrowers who are looking to purchase a home or remortgage.”
Highlights from these new rate reductions include a 3-year fixed rate to 85% LTV at 5.35% (was 5.80%), fixed until the 30th of April 2026, with £995 completion fee and cashback of £250.
Additionally, Accord has reduced a 5-year fixed rate mortgage at 95% LTV from 5.88% to 5.54% and includes a £495 completion fee as well as cashback of £250.
Standard Variable Rate (SVR) discounted products have also been reduced by up to 0.10%, and product end dates extended until the 30th of April to give maximum product term value to brokers and their clients.
