Accord Mortgages has reduced rates on a number of residential fixed rate products.
At 90% loan to value (LTV), reductions include a two-year fixed rate now at 2.02% (was 2.07%). This product comes with a fee of £995 and is available for both house purchase and remortgage clients.
For house purchasers wanting a larger loan, the following products are available up to a loan size of £600,000:
- A two-year fixed rate at 90% LTV is now 2.16% (was 2.26%) with £995 fee, £500 cash back and free valuation
- A five-year fixed rate at 90% LTV is now 2.40% (was 2.49%) with £995 fee, £500 cash back and free valuation
For remortgage customers, a five-year fixed rate at 90% LTV (maximum loan size £600,000) is now 2.41% (was 2.48%) with £995 fee, £500 cash back, free legals and free valuation.
Rates on longer term products have also been reduced. For both house purchase and remortgage clients, the updated products include:
- A 15-year fixed rate at 75% LTV is now 2.77% (was 2.89%) with £495 fee and free valuation
- A 10-year fixed rate at 75% LTV is now 2.29% (was 2.32%) with £495 fee and free valuation
- A seven-year fixed rate at 75% LTV is now 2.27% (2.30%) with £495 fee and free valuation
Jemma Anderson, Accord product manager, said: “It’s been a positive start to the year, so we reviewed our range to ensure we’re offering a competitive mix for brokers.
“We’ve reduced rates on a selection of longer terms, higher LTVs and our larger loan products so whether it’s a client who has decided to purchase now things are more settled, or looking to remortgage for a better deal, we hope brokers will benefit from the increased choice.”