Finance

Accord announce further cuts to residential rates

Warren Lewis
|
13th September 2019
Mortgage 412

Accord Mortgages has announced that it has reduced rates across its house purchase and remortgage product range by up to 0.32%.

According to the lender, two-year fixed rate remortgage products will now start from 1.70% at 75% LTV with a £495 product fee and 1.99% at 80% LTV with no fee, both with £250 cashback, free valuation and free legals.

At 85% LTV, a two-year remortgage product has been cut to 2.09% with £500 cashback, free valuation and no product fee.

Purchase product highlights include a five-year fixed rate at 1.90% up to 75% LTV with £500 cashback.

Two-year fixed rate purchase products have been reduced to 1.87% at 80% LTV and 1.94% at 85% LTV. All purchase products offer £500 cashback, free valuation and a £495 product fee.

Jemma Anderson, product manager at Accord Mortgages commented: “In such a volatile market, it’s understandable that clients, either starting on the property ladder or approaching the end of their existing term, may be undecided as to what to do next.

Brokers are best placed to offer advice and with rate reductions, a variety of term lengths and enhanced benefits like cashback and free valuation, there are now even more options available when trying to find the right product.”

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