Accord has cut rates across its residential mortgage range by between 0.15% and 0.25%, at a time when market swap rates are generally trending upwards.
From tomorrow (Friday 21 April), the intermediary-only lender will also launch a raft of products, including a fee-free 2-year fixed rate up to 90% loan-to-value (LTV) at 5.24%, (was 5.44%), available for house purchase and featuring £250 cashback and free standard valuation.
The lender has also reduced rates on its 5-year fix 85% LTV product for remortgagers, which will be at 4.38%, down from 4.53%. This comes with free standard valuation and remortgage legal service, a product fee of £495 and £250 cashback.
Finally, Accord reduced its residential 60% LTV 5-year fix at 4.49% (was 4.64%), which comes with £500 cashback, no fee and free standard valuation, is available for home buyers.
Gemma Hyland, mortgage product manager at Accord, said: “Mortgage pricing continues to be a rollercoaster ride, with market swap rates climbing once again.
“With a view to protecting brokers and their clients from that trend as much as possible, this latest range re-price is an example of how we are doing everything we can to offer them maximum product value, despite such challenging conditions.”
