Accord Mortgages is cutting rates across its residential and buy-to-let product ranges from tomorrow (Friday, 31st October), following a series of enhancements made to its product suite last week.
For residential borrowers, the intermediary-only lender is reducing products by up to 0.23% on loans up to 75% and 80% loan-to-value (LTV). Products up to 85% and 90% LTV will see cuts of up to 0.20%, while those up to 95% LTV will fall by as much as 0.13%.
The reductions also apply to Accord’s first-time buyer exclusive products and its 5K Deposit Mortgage, which allows customers with a £5,000 deposit to purchase homes up to £500,000. This product has been cut by 0.12% to 5.34%.
Highlights from the residential range include a 5-year fixed rate at 4.09% (previously 4.32%) for purchases up to 75% LTV with a £495 fee, a 2-year fix at 4.41% (previously 4.51%) for first-time buyers up to 90% LTV with a £495 fee and £500 cashback, and a fee-free 2-year fixed at 4.33% (previously 4.51%) for remortgages up to 80% LTV including legal services.
Accord’s buy-to-let products are also being reduced, with rates falling by up to 0.20% up to 65% and 80% LTV, and by as much as 0.22% up to 75% LTV.
Key highlights include a 5-year fixed at 4.88% (previously 5.06%) for purchases up to 80% LTV with a £995 fee and free valuation, a 2-year fixed at 4.18% (previously 4.35%) for remortgages up to 75% LTV with free valuation and legal service, and a 2-year fixed at 3.90% (previously 4.00%) for purchases up to 60% LTV with a £1,995 fee and free valuation.
Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re so pleased to be able to make further positive changes to both our residential and buy-to-let ranges, passing on even better value to brokers and their clients.”
