Accord Mortgages has cut mortgage rates on both its residential and buy-to-let product ranges, after making reductions just a week ago.
The intermediary-only lender has reduced rates on its residential range by up to 0.10% on fixed-rate products up to 75% and 80% loan-to-value (LTV).
Products up to 85% LTV will reduce by up to 0.09%.
Accord has extended end dates to 31st May to maximise product term value for brokers and their clients.
For landlord borrowers, rates have been reduced by 0.10% across the range, including on products up to 80% LTV.
Highlights of these latest changes, available from tomorrow (Thursday 13th February) include: a residential 2-year fix at 4.61% (was 4.71%) up to 75% LTV, with a £1,995 fee, £250 cashback and free standard valuation; a residential 2-year fix at 4.91% (was 4.94%) up to 80% LTV, with a £495 fee, £500 cashback, and free standard valuation; and a 5-year residential fixed rate, up to 85% LTV, for those remortgaging, at 4.71% (was 4.79%), with a £495 fee, free standard valuation, and a choice of either £500 cashback or remortgage legal services.
For buy-to-let clients, the lender is offering: a 2-year fixed rate at 4.29% (was 4.39%) for those remortgaging at 60% LTV, with a £3,495 fee, free standard valuation and remortgage legal service; a 2-year fixed rate at 4.64% (was 4.74%) for remortgage at 75% LTV, with a £1,995 fee, free standard valuation and remortgage legal service; and a 5-year fix at 5.19% (was 5.29%) for those remortgaging up to 80% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service.
Gemma Hyland, mortgage product manager at Accord, said: “We’re pleased to be passing on the benefit of market fluctuations to our brokers and their clients, ensuring we deliver the best possible value we can, and providing options for borrowers, whether they are looking to buy or remortgage their own home, or for a rental property.”
