Effective from 8am on Wednesday, 6th September, Accord Mortgages is introducing rate reductions across its Residential New Business range.
Selected Large Loan products at 80% loan-to-value (LTV) will see rate reductions of up to 0.10%.
Further reductions will include selected products at 85% LTV reduced by 0.05% to 0.54%, those at 90% LTV reduced by 0.05% to 0.26%, and products at 95% LTV reduced by 0.05% to 0.27%.
Additionally, specific Boost LTI products will be reduced by 0.01% to 0.54%, selected Cascade Score products will experience a rate cut of 0.37% to 0.98%, and selected new build products at 90% LTV will see reductions of 0.05% to 0.66%.
The current product range will be withdrawn at 10pm tomorrow (Tuesday, 5th September), and to secure these newly reduced rates, a full mortgage application must be submitted before the deadline. Accord Mortgages has confirmed there will be no changes to 75% LTV rates.
Gemma Hyland, mortgage product manager at Accord, said: “We’re so pleased to add more competitive products to the range, especially at higher LTVs – which should be good news for those with a smaller deposit.
“Offering better value on some of our more niche products, including our Cascade Score ones, means that we can also help a wider range of borrowers to fulfil their home ownership aspirations.”
Nick Mendes, mortgage technical manager at broker John Charcol, added: “Accord have released a further rate reductions notice this time across their residential product range, following the product transfer notice earlier today.
“It’s been a busy day across residential and buy-to-let lenders as settled markets and a drive to win business takes focus for the second half of the year.”
