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Mortgage News

Accord Mortgages lowers mortgage rates

Adam Williams
Written By:
Posted:
August 21, 2015
Updated:
August 21, 2015

Mortgage lender Accord has cut rates on products across its range.

Borrowers with a 20% or 35% deposit will have access to the new range, with rates starting from 1.64%. Cashback and free valuations are also included with these discounted products.

The lender has also reduced rates across its whole two-year fix range for borrowers with a 10% deposit.

New products include:

– 1.64% two-year fixed rate mortgage at 65% loan-to-value (LTV) with a £345 product fee
– 1.89% two-year fixed rate mortgage at 80% LTV with a £345 product fee
– 1.99% three-year fixed rate mortgage at 65% LTV with a £845 product fee
– 2.34% three-fixed rate mortgage at 80% LTV with a £845 product fee

All of its new deals come with an offer of £250 cashback on completion, plus free standard valuation.

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David Robinson, national intermediary sales manager at Accord, said the deals would prove popular with borrowers looking to fix their mortgage.

“We hope that the combination of competitive short-term rates, and the added incentive of cashback on completion and free standard valuation will benefit borrowers looking to buy a new home,” he said.