Starting 8am on Monday, 18th December 2023, Accord is set to implement rate cuts of up to 0.25% across its residential mortgage range. This move aims to enhance the value and choice available in their offerings, particularly for homebuyers and those looking to remortgage.
The updated range includes a 0.25% reduction on 2-year products and a 0.20% cut on 3- and 5-year products for home purchases.
Remortgaging options will also see lowered rates, with 3-year products dropping by 0.20%, 2-year products by 0.15%, and 5-year products by 0.10%.
Additionally, Accord is offering a 0.20% reduction on its 10-year product, available to all types of borrowers.
Gemma Hyland, mortgage manager at Accord, said: “Having reviewed market conditions, we’re taking the opportunity to reduce our rates again, offering brokers and their clients even better value.
“Our latest in a series of reductions is aimed at providing relief in this volatile environment, where we know people are struggling to keep their costs down.”
She further added: “Reducing rates across a variety of initial fixed terms also means that the new range should appeal to a wide variety of borrowers, regardless of their individual circumstances.”
