Accord Mortgages has reduced rates across its residential mortgage range for the second time this month.
Changes are effective from 8am on Tuesday (28th November), and the new range includes rate cuts of as much as 0.33% on the 95% loan-to-value (LTV) Deposit Unlock range, which is available for those purchasing a new-build house through the insurance-backed scheme.
Reductions were also made to the standard range – including a discount of up to 0.20% for borrowers with a 25% deposit, and cuts of up to 0.15% for those with a smaller deposit looking for a product at 80, 85, 90 or 95% LTV.
Highlights include a fee-free 5-year fix at 95% LTV on the Deposit Unlock range, at 5.65%, a 5-year fix at 75% LTV for house purchase clients, at a rate of 4.86% and a 2-year fix at 90% LTV, for remortgage clients, at 5.78%.
The intermediary-only lender also extended product end dates to 31st March, to offer maximum product term value to brokers and their clients.
Gemma Hyland, mortgage manager at Accord, said: “We’re really pleased to be able to reduce rates across the higher LTVs – ensuring we’re as competitive as possible in an ever- changing market, supporting brokers and their borrower clients in the best way we can.
“We’ve also taken this opportunity to extend end dates so that borrowers can benefit from the best possible product terms.
“We hope the improved range will be welcomed by brokers and their clients.”
