Accord reduces rates on five-year deals

Accord reduces rates on five-year deals

five-year

Accord Mortgages has unveiled new 75% LTV five-year hybrid and fixed rate products, cutting rates by up to 0.60 percentage points.

The intermediary lending subsidiary of Yorkshire Building Society said the new range includes the following products:

Five year fixed rate at 3.59% with a £1,995 fee
Five year fixed rate at 3.79% with £995 fee and incentives
Two year BoE +2.49% tracker followed by three year fixed rate at 3.89% with a £1,995 fee

“We have reacted to movement within the market and listened to brokers’ views by making a substantial cut in our rates for long-term borrowers,” said Toni Roberts, Accord’s product manager.

“With a 0.60% reduction from our 75% LTV five-year fixed rate products and up to 0.30% from our five-year hybrids, borrowers will be able to make considerable savings.”

The new range includes offset versions, the products are fully portable and allow for overpayments of up to 10%.