Effective from tomorrow (2nd August), Accord Mortgages is set to reduce rates across its mortgage products up to 90% loan-to-value (LTV) by up to 0.25%.
This is the fourth reduction in the space of a month, and will see the intermediary-only lender cut products up to 75% LTV by 0.25%, and those at 80%, 85% and 90% by up to 0.20%.
Highlights from the new range include a 5-year fixed rate product at 4.67% (was 4.92%) up to 75% LTV, for remortgage purposes, with a £1,995 fee, free standard valuation and free remortgage legal service.
Additional products include a 2-year fixed rate 5.17% (was 5.37%) to 85% LTV, for house purchase, with a £995 fee, £250 cashback and free standard valuation and a 5-year fix at 5.07% (was 5.27%) to 90% LTV, for house purchase, with no fee and free standard valuation.
Gemma Hyland, mortgage product manager for Accord, said: “We’re currently taking every opportunity we can to pass on added value to mortgage customers, and are delighted to announce this fourth rate cut in the space of a month.
“We’ll continue to monitor the market closely for any further opportunities that arise.”
