Accord Mortgages has announced a 0.15 percentage point reduction on selected five-year fixed rate mortgages.
The intermediary-only lender, which is part of Yorkshire Building Society Group, has reduced rates on its range of five-year fixes at 75%, 80% and 85% LTVs (loan-to-value).
On offer for borrowers with a 15% deposit is a 2.64% five-year mortgage with a £845 fee, which is available for both house purchase and remortgage borrowers. For those looking to minimise the costs of moving or remortgaging there is a 2.74% option with a £845 fee, available with £250 cashback on completion and free standard valuation for house purchase, or free standard valuation and legal fees for remortgaging customers.
At 80% LTV, there is a 2.49% five-year mortgage which comes with an £845 fee and incentives, including £250 cashback on completion and free standard valuation for house purchase, or free standard valuation and legal fees for remortgaging customers.
David Robinson, Accord’s national intermediary sales manager, said: “We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer value for money to our customers with incentives like cashback on completion. The five-year rate reductions will appeal to borrowers looking for the security of a fixing their mortgage repayments to a competitive rate for a longer period.”
Accord has also made cuts up to 0.15 percentage points on its range of two-year fixed rate mortgages with highlights including a two-year house purchase option at 1.99, with a £845 fee and £250 cashback on completion and free standard valuation.