Accord Mortgages has announced a fresh round of rate reductions across its residential mortgage range, effective today.
The intermediary-only lender is lowering rates on two-year fixed products by up to 0.24%. Three-year fixes are dropping by as much as 0.15%, while five-year deals will see reductions of up to 0.21%.
Key changes include a two-year fixed rate at 5.18% (previously 5.42%) for loans up to 95% loan-to-value. This deal is for house purchases and includes a £495 fee, £300 cashback, and a free standard valuation.
A three-year fix at 4.91% (previously 5.06%) for loans up to 90% LTV, aimed at those remortgaging. It comes with a £495 fee, either £500 cashback or a remortgage legal service, and free standard valuation.
A five-year fixed rate at 4.15% (previously 4.22%) for remortgage clients up to 75% LTV. This option carries a £1,495 fee, £500 cashback or remortgage legal service, and free standard valuation.
Accord has also extended product end dates to 31 August, a move designed to offer greater value over the full term of the product.
Gemma Hyland, product manager for mortgages at Accord Mortgages, said, “We’re always looking for ways to deliver excellent value to our brokers and their clients. This is the latest example of how we are taking every opportunity to do this, and we’ll continue to do so as the year continues.”
