Accord Mortgages is cutting rates this week for the second time in a month, with changes coming into effect from tomorrow, Thursday the 12th of December.
In its residential range, the intermediary-only lender is set to introduce cuts of up to 0.10% on its 10-year fixed rate product.
Meanwhile, selected 2-year products will be reduced by 0.04%, with 5-year fixes going down by 0.06%.
The buy-to-let range for landlord clients will see fixed rates reduced by 0.05% across the board.
Highlights of the new ranges for residential clients include a fee-free 2-year fix up to 75% loan-to-value (LTV) at 5.09% (was 5.13%), for house purchase, with £500 cashback and free standard valuation, and a 5-year fix up to 85% LTV at 5.05% (was 5.11%) for those remortgaging, with a £495 fee, free standard valuation and remortgage legal service.
In addition a 2-year fix up to 95% LTV at 6.17% (was 6.21%) for those purchasing a home, with a £495 fee, £250 cashback and free standard valuation will also be available.
And for landlords seeking a buy-to-let mortgage, options include a fee-free 2-year fix at 5.09% (was 5.14%) for house purchasers and those remortgaging up to 60% LTV, which comes with free standard valuation, a 3-year fix at 4.84% (was 4.89%) for those remortgaging up to 65% LTV, with a £995 fee, free standard valuation and remortgage legal service, and a 5-year fixed rate at 4.79% (was 4.84%) for those remortgaging up to 75% LTV, with a £1,995 fee, free standard valuation and £250 cashback.
Gemma Hyland, mortgage product manager for Accord, said: “We’re so pleased to be able to trim rates again for the second time this month, responding to changes in market conditions.
“We’ll continue to closely monitor market developments as we approach the end of the year and into next, to ensure we’re providing the best possible value for our brokers and all of their clients.”
