Accord is making its residential mortgage range even more attractive to brokers and their clients, further reducing rates on selected products up to 85% loan-to-value (LTV) by as much as 0.24%.
The move follows a number of interest rate cuts by the intermediary-only lender in recent weeks, and the launch of a competitive set of new residential and buy-to-let tracker products just last week.
The changes, taking effect from 8am on Thursday the 22nd of December, include reductions of up to 0.24% on a 10-year fixed rate at 75% LTV, with up to 0.22% also shaved off two-year fixes up to 60% LTV and up to 0.12% off those up to 85% LTV.
Some highlights from these latest changes include a 10-year fixed rate mortgage to 75% LTV at 5.35% (was 5.59%), with £995 product fee and free standard valuation, which is available for purchase and remortgage.
As well as this, reductions include a fee-free 2-year fix to 60% LTV, for house purchase, reduced to 5.50% from 5.72%, which comes with free standard valuation and £500 cashback, as well as a 5-year fix to 60% LTV is now 4.71%, down from 4.91%, with free standard valuation, a product fee of £495 and £250 cashback.
Gemma Hyland, mortgage product manager at Accord, said: “We’re keeping a watchful eye on the rapidly changing picture in the marketplace in terms of the needs of cost-conscious borrowers and market interest rates.
“Today’s rate reductions are just the latest example of how we are reacting quickly to enable brokers to offer as much value to their clients as possible.”
