Accord Mortgages has cut selected rates across its 75% to 85% loan to value (LTV) range by up to 10bps.
Highlights of the revised range for house purchases include:
- A two-year fixed rate at 1.75% (was 1.85%) at 75% LTV with £495 fee, £500 cashback and free valuation
- A five-year fixed rate at 1.86% (was 1.89%) at 75% LTV with £495 fee, £500 cashback and free valuation
In addition, the intermediary lender is also reintroducing cashback on remortgage products at 80% and 85% LTV. This includes:
- A two-year fixed rate of 1.87% at 80% LTV with a £495 fee, free valuation and now £500 cashback
- A two-year fixed rate of 2.06% at 85% LTV with a £495 fee, free valuation and now £500 cashback
- A five-year fixed rate of 2.13% at 85% LTV with a £495 fee, free valuation and now £500 cashback
Jemma Anderson, Accord product manager said: “We’ve been looking at ways in which we can offer more support to brokers whilst the current lockdown is in place, so we’ve reduced our rates on selected house purchase products.
“We know there is a huge focus on clients who need to remortgage, so we’ve improved the incentives on some of our higher LTV range to offer a more competitive choice of deals.”
