Accord Mortgages has reduced rates across its residential and buy-to-let mortgage ranges.
Effective from yesterday, Thursday 10th April, the intermediary-only lender has cut its residential fixed-rate products by between 0.03% and 0.25%; while shaving 0.15% off its entire buy-to-let fixed-rate range.
The latest updates to the residential mortgage range includes a 2-year fixed-rate mortgage for house purchases is now available at 5.00%, reduced from the previous rate of 5.25%.
This product is offered for loans up to 90% loan-to-value (LTV) and includes a number of attractive features, such as no product fee, £300 cashback, and a free standard valuation.
For those looking to remortgage, a 5-year fixed-rate option is now set at 4.22%, down from 4.34%.
This deal is available for loans up to 75% LTV and comes with a £1,495 fee.
Borrowers also benefit from a free standard valuation and have the choice between £500 cashback or remortgage legal services.
Additionally, a 3-year fixed-rate mortgage for house purchase has been reduced to 4.59% from 4.64%.
It is available up to 85% LTV, and includes a £495 fee, £300 cashback, and a free standard valuation.
In Accord’s buy-to-let mortgage range, a 2-year fixed-rate product is now available at 4.04%, down from 4.19%, for loans up to 60% LTV.
This offer includes a £3,495 fee, as well as a free standard valuation and remortgage legal services.
Another 2-year fixed-rate option, available for remortgaging up to 75% LTV, has been reduced to 4.39% from 4.54%.
It comes with a £1,995 fee and includes both a free standard valuation and remortgage legal work.
Finally, a 5-year fixed-rate mortgage for remortgage purposes is now available at 4.89%, reduced from 5.04%.
This product is offered for loans up to 80% LTV and includes a £995 fee, along with a free standard valuation and remortgage legal services.
Gemma Hyland, product manager for mortgages at Accord Mortgages, said: “This is the latest example of how we are responding to every opportunity to pass on additional value to our customers, and we’re delighted to be able to announce these further price drops.”
