Accord Mortgages is set to make further mortgage rate cuts of up to 0.56% effective from 10am tomorrow, 11th January 2024.
The changes include reductions across the higher loan-to-values (LTVs) with products benefiting at 75% LTV and upwards and the largest reductions for those with the smallest deposit at 90% and 95% LTV.
The intermediary-only lender is also extending product end dates to 30 April, to maximise product term value for brokers and their clients.
Highlights from the new range include a 5-year fixed rate mortgage at 90% LTV for remortgage purposes, at 4.95% with a £995 fee, £500 cashback and free standard valuation, as well as a 2-year fixed rate at 75% LTV for house purchase, at 4.73% with a £1,995 fee, which comes with free standard valuation.
In addition, as part of these new changes the lender is also offering a 3-year fix at 95% LTV for house purchase, with a rate of 5.44%, with a £995 fee, £250 cashback and free standard valuation, along with a 2-year fixed rate at 95% LTV for house purchase, at 6.20% with a £1,495 fee, free mortgage legal fees and free standard valuation.
Gemma Hyland, mortgage manager at Accord, said: “We’re delighted to take this opportunity to respond to the more favourable market rate conditions that have emerged in recent weeks, by passing on more value to our brokers and their clients.
“We’ll maintain a watchful eye as the year continues to unfold, and seize every possible opportunity to help our brokers to help borrowers in reducing their costs amidst what remains a very challenging economic environment.”
