Accord Mortgages has cut rates across both its residential and buy-to-let (BTL) mortgage ranges in a bid to offer borrowers more competitive options.
For residential borrowers there are reductions on selected 2-year fixes of up to 0.30%, with 3-year fixes discounted by as much as 0.15%.
5-year fixes are reduced by up to 0.25%, and, on some products, fees are reduced from £995 to £495.
The interest rate is also reduced on the intermediary-only lender’s £5K Deposit Mortgage, launched earlier this year and available only to first-time buyers.
This was designed to enable them to purchase a property valued up to £500,000 with just a £5,000 deposit, tackling one of the biggest challenges they face in achieving their homeownership dreams – the ability to save a big enough deposit.
This will now be available at a rate of 5.74% for a 5-year fix.
For landlord clients, selected 3-year products reduce by as much as 0.45%, with 2-year fixed rates reducing by up to 0.35%.
For those looking for a longer initial fixed term, selected 5-year fixes are to reduce by up to 0.20%.
The intermediary-only lender is also extending end dates across all products to 31 March, to maximise product term value for brokers and their clients.
Gemma Hyland, mortgage product manager for Accord, said: “We’re thrilled to introduce these changes, which refresh both our residential and buy-to-let ranges – ensuring that we provide the best value possible, and demonstrating our ongoing commitment to supporting a wide-range of borrowers with different circumstances or needs.”
