Accord is reducing some of its two and five year fixed rate products by up to 0.20 percentage points today.
The intermediary-only lender, which is part of the Yorkshire Building Society Group, has cut rates on selected 90% and 95% loan- to- value (LTV) mortgages by up to 20bps.
New products available on 90% LTV include:
- 3.94% two-year fixed rate with a £345 product fee
- 3.94% two-year fixed rate with an £845 product fee and £250 cashback on completion
- 4.04% two-year fixed rate with a £345 product fee, free valuation and £250 cashback on completion
- 4.49% five-year fixed rate with an £845 product fee
- 4.59% five-year fixed rate with an £845 product fee, free valuation and £250 cashback on completion
The new 95% LTV range includes:
- 5.19% two-year fixed rate with an £845 product fee
- 5.49% two-year fixed rate with no product fee, free valuation and £750 cashback on completion
- 5.49% five-year fixed rate with an £845 product fee
- 5.69% five-year fixed rate with no product fee, free valuation and £750 cashback on completion
The new launch also includes changes to two-year 70% LTV mortgages, with reductions of 0.05 percentage points on selected products.
David Robinson, national account manager at Accord Mortgages, said: “We hope that by continuing to respond from feedback from brokers and offering value for money mortgages at higher loan to values will enable us to help even more customers on to the property ladder than before.”
Offset alternatives are available on selected products, with rates 20bps higher than their non-offset equivalents.