Accord is further enhancing choice and value across its residential mortgage range this week, adding new products and cutting rates by as much as 0.36%.
From 8am tomorrow (Wednesday the 11th of January), the intermediary-only lender will introduce new products for clients with a 20% deposit, with options available for both house purchase and remortgage, some with no product fee.
Accord is also reducing rates by up to 0.36% on new-build products at 90% LTV, with 0.24% also shaved off products at 95% LTV, supporting borrowers with the smallest deposits
Gemma Hyland, mortgage product manager, said: “Having reviewed market conditions following the Christmas break, we’re taking the opportunity presented by falling market interest rates to reduce our product rates again, as well as introducing a new suite of products at 80% LTV, offering brokers and their clients even better choice and value.
“We hope that reducing rates across LTVs will support a variety of borrowers, especially in the current environment, where people are really struggling when it comes to controlling their costs, no matter where they are in their homeownership journey.”
Further highlights of the new range include a 5-year fixed rate up to 80% LTV at 4.74%, available for remortgage clients, with a £495 product fee, £250 cashback, remortgage legal service and free standard valuation, as well as a fee-free 2-year fix to 80% LTV at 5.62%, which comes with free standard valuation and £500 cashback, available for home purchase.
Additionally, these changes include a 5-year fix to 90% LTV, available for new-build houses, will be 5.30%, down from 5.66%, with free standard valuation, a product fee of £495 and £250 cashback, and a 95% LTV 5-year fix is being reduced to 5.30% (was 5.54%), with a £495 completion fee and £750 cashback, available for home purchase.