Mortgage News
Accord Mortgages continues resi mortgage rate reduction
Accord Mortgages has made further reductions to its residential mortgage rates, making this the third round of cuts in a fortnight.
The lender is lowering pricing by as much as 0.2% on its residential products up to 90% loan to value (LTV).
This includes a five-year fix at 75% LTV for house purchase, which has been cut from 4.87% to 4.67%. This has a £995 fee.
Accord Mortgages has also reduced pricing on a two-year fixed purchase deal at 80% LTV, from 5.52% to 5.32%. This has a £995 fee, a £250 cashback incentive and a free standard valuation.
There is also a two-year fix at 90% LTV, for remortgage, which has been cut from 5.89% to 5.77%. This has a £995 fee, free remortgage legal work and a free standard valuation.
Gemma Hyland, mortgage product manager for Accord Mortgages, said: “We’re delighted to be able to reduce rates across our product range yet again, as we continue to strive to offer the best value possible to borrowers.
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“We’ll continue to closely monitor market trends with a view to eyeing further such opportunities.”
Accord Mortgages lowered residential and buy-to-let (BTL) mortgage rates at the start of the month, saying the stable market enabled it to reduce pricing. Last week, the lender made more reductions to its range.