According to the announcement, residential five-year fixed rates now start from 2.06% at 85% LTV with £500 cashback and 2.41% at 90% LTV with £1,000 cashback, both with a £495 fee and free valuation. Alongside the changes, Accord has increased its cashback offering by £250 on five-year Help to Buy products. A five-year fixed-rate at 1.93% with a £995 fee now offers £750 cashback and free valuation.
For buy-to-let purchase clients, two-year fixed rates have been reduced to 3.20% at 80% LTV with a £950 fee and five-year fixed rates start at 1.83% up to 60% LTV and 1.93% up to 65% LTV, both with a £1,495 fee. All products come with £500 cashback and a free standard valuation.
For landlords looking to remortgage, a two-year fixed-rate is now available from 3.21% at 80% LTV, with a £950 fee. Five-year fixes have been reduced to 3.45% at 80% LTV with a £950 and 1.79% at 60% LTV with a £1,495 fee. All remortgage products come with a free valuation and £250 cashback.
Jemma Anderson, Accord product manager, had this to say: “As part of our ongoing review, we’ve cut rates on a broad range of products to offer brokers more choice.
“We’ve also increased the cashback offering on the five-year Help to Buy products, so anyone planning on taking advantage of the scheme before the transition next year has an added incentive.”
