Applying to its residential mortgages from 10 July, this includes a two-year fixed purchase product which has been reduced from 4.07% to 4.01%. This has a £1,495 fee and free standard valuation.
There is also the three-year fixed remortgage, now priced at 4.44% following a 0.06% cut, with a £495 fee, free standard valuation and the choice of either free remortgage legal work or £500 cashback.
Accord Mortgages has also cut the rate of a five-year fixed purchase product from 4.6% to 4.55%. This has a £495 fee, £300 cashback and free standard valuation.
Gemma Hyland, mortgage product manager for Accord Mortgages, said: “We’re delighted to announce a further lowering of our mortgage rates across the majority of our range – the latest example of how we are doing our best to pass on additional value to our brokers and their customers wherever possible.”
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Furness BS cuts mortgage rates across the board
Furness Building Society has reduced mortgage rates across its residential, buy-to-let, holiday let and shared ownership ranges.
This includes a two-year fixed residential mortgage, priced at 4.55% up to 90% loan to value (LTV).
In its shared ownership range, rates start from 4.24%.
All products come with a £250 cashback and are available on properties in England, Scotland and Wales.
Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “We know how important it is for brokers to have options for clients who need a more personal approach. Whether it’s a first-time buyer using shared ownership, or someone with non-standard income, our underwriters take the time to understand the case.
“These new rates – across all our key product areas – are another way we’re making it easier for brokers to place those trickier cases.”
