The products include a 75% loan-to-value (LTV) mortgage at 2.49% and an 80% LTV product offered at 2.59%. Both are available to homebuyers and remortgagors and carry an £845 product fee.
Accord has also lowered its rates on some of its existing five-year fixed rate mortgages with high LTVs. Its 85% LTV mortgage has been reduced from 3.04% to 2.89%. The 90% LTV product has been reduced from 3.64% to 3.39%. Both mortgages carry product fees of £345 and £845 respectively.
All products come with £250 cashback on completion and free standard valuation for house purchases, or free standard valuation and legal fees for remortgages.
The intermediary arm of Yorkshire Building Society has also lowered rates by up to 0.65% on other five-year fixed rate products, including a fee-free mortgage at 95% LTV, offered at 4.49% with £750 cashback on completion and a free standard valuation for homebuyers. For first-time buyers, an additional £500 will be offered on completion.
Accord has also reduced its three-year fixed rate range with added incentives for borrowers with 20% or 25% deposit.
David Robinson, national intermediary sales manager, said: “We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”
