Accord Mortgages is set to introduce a series of mortgage rate cuts of up to 0.10% across its residential range.
Changes take effect from 8am tomorrow, Wednesday 3rd July, and include reductions across some of the higher loan-to-values (LTVs), with products at 75% LTV cut by up to 0.10%, and those at 80% and 85% LTV reduced by up to 0.07%.
Products for those with a 10% deposit are to come down by up to 0.05%.
Highlights from the new range include a 5-year fix at 75% LTV, suitable for house purchase, at 4.95% which comes with a £1,995 fee and free standard valuation, a 2-year fix at 85% LTV, suitable for those remortgaging, at 5.65% with a £1,995 fee and free standard valuation, and a fee-free 5-year fix at 90% LTV for those purchasing a home, at 5.37% which comes with free standard valuation.
Gemma Hyland, mortgage manager at Accord, said: “We’re delighted to take this opportunity to pass on better value to our brokers and their clients.
“We’ll continue to identify and take all possible further opportunities to pass on lower costs to borrowers, in what is still a challenging market.”
