Accord Mortgages is reducing product fees to £495 (from £995) and launching a cashback offer of £750 within its 90% LTV range.
The intermediary lender is also reducing selected rates across its 75% to 85% loan to value (LTV) range by up to 15bps to support more brokers and their clients.
The changes come into effect from 9am on Thursday 10 December and will impact products within the new business residential range.
Highlights of the new range include:
- A two-year fixed rate at 3.69% at 90% LTV for both purchase and remortgages. Comes with £495 (was £995) completion fee and £750 cash back, free valuation and for remortgage customers, legal fees are also included
- A two-year fixed rate at 1.84% (was 1.92%) at 75% LTV for remortgage customers. Comes with a £495 completion fee, £250 cash back, free legal and valuation
- A two-year fixed rate at 3.07% (was 3.19%) at 85% LTV for house purchases. Has a £495 completion fee with £500 cash back and free valuation
Jemma Anderson, Accord product manager, said: “As part of our ongoing monitoring of the market, we have reviewed our rates and made selected reductions on our purchase products and incentives.
“With these updates and improved 90% LTV products we are pleased to offer a comprehensive and competitive range to support brokers and their clients.”
