Accord Mortgages has cut interest rates on selected 80% loan to value (LTV) residential mortgages by up to 0.25 percentage points.
Rates within the 80% LTV product range – which includes two, three and five year fixed rate mortgages – now start from 2.29%.
New three-year fixed rate products featuring purchase and remortgage incentives have also been introduced at 75% LTV, with rates starting from 2.59%, to sit alongside existing two and five year fixed rate mortgages.
The new product range from Accord includes:
- 2.29% 80% LTV two-year fixed rate with £1,845 completion fee
- 2.49% 80% LTV two-year fixed rate with £845 completion fee, free standard valuation and £250 cashback on completion for house purchase customers or free legal assistance for remortgage customers
- 2.59% 75% LTV three-year fixed rate with £845 completion fee, free standard valuation and £250 cashback on completion for house purchase customers or free legal assistance for remortgage customers
Rates on 80% LTV three-year fixed rate mortgages begin at 2.69% and at 3.24% on five year products.
Offset variants of all 80% LTV products are available at 0.20% more than their non-offset equivalents.
Jemma Anderson, Accord Mortgages’ product manager, said: “These rate reductions at 80% LTV, as well as our new three year 75% LTV products, reflect our ambition to always provide competitive products that meet a wide range of needs for our customers.”