Accord cuts residential mortgage rates
Accord Mortgages has lowered its residential mortgage rates for new business and product transfer by as much as 0.26%.
The largest reductions have been made to rates at 95% loan to value (LTV), while deals at 90% LTV have been cut by up to 0.11%. At 80% and 85% LTV, pricing has been lowered by as much as 0.14%.
Accord Mortgages has also lowered the rate of the £5k Deposit Mortgage for first-time buyers with a £5,000 deposit. The fee-free five-year fix is now priced at 6.78%, down from 6.58%, with a standard valuation.
Other changes include the two-year fixed remortgage at 95% LTV with a £495 fee, standard valuation and remortgage legal service, which has been lowered from 6.73% to 6.47%.
At 85% LTV, the two-year fixed remortgage with a £1,495 fee, standard valuation and remortgage legal service, has been cut from 5.38% to 5.27%.
Jeremy Duncombe, managing director of Accord Mortgages, said: “We’re pleased to be reducing rates again across our range, including on our £5k Deposit Mortgage.
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“These changes underline our commitment to providing competitive options, giving brokers more ways to help aspiring homeowners to take that important step on to the property ladder, and offering current homeowners more choice and value.”
