Accord Mortgages is making changes to its mortgage range tomorrow (12 November).
The intermediary-only lender from Yorkshire Building Society is improving rates on selected residential and buy-to-let mortgages, with higher loan to value (LTV) products seeing the greatest rate reductions.
Deals for residential borrowers include:
- A five-year fixed rate of 2.69% (was 3.29%) for new build house purchases at 90% LTV, which comes with a £495 fee, £250 cashback and free standard valuation
- A five-year fixed rate of 2.39% (was 2.59%) for house purchase at 90% LTV, with a £495 fee, £500 cashback and free standard valuation
- A five-year fixed rate mortgage of 2.99% (was 3.17%) for house purchase at 95% LTV, with a £495 fee, £500 cashback and free standard valuation
In edition, thee is a reduced 10-year fixed rate of 2.15% (was 2.33%) at 75% LTV. Available to both house purchase and remortgage customers, this comes with a £495 fee and free standard valuation, but early repayment charges now start at 6% for the first five years (was 5%), reducing gradually over the remaining initial deal term.
Selected five-year rates at 85% LTV have also been reduced by 0.10 percentage points, for both house purchase and remortgages.
Deals for landlord clients requiring 80% LTV include:
- A two-year fixed rate of 2.91% (was 3.12%) for both house purchase and remortgage, which comes with a £995 fee, £250 cashback and free standard valuation
- A two-year fixed rate of 2.91% (was 3.19%) for remortgage clients, with a £995 fee, free standard valuation and remortgage legal services
- A two-year discounted standard variable rate of 2.71% (was 2.91%) for both house purchase and remortgage, which comes with a £995 fee.
Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’ve made changes to our range of higher LTVs to give brokers supporting borrowers with smaller deposits more competitive choice when considering longer terms.”