Accord has introduced a set of new fee-free products and cut rates on 95% LTV products by up to 0.15%.
The lender has also launched a trio of new products up to 90% LTV. A two-year fixed rate product is available at 2.89% up to 75% LTV with a 90% LTV mortgage on offer at 4.94%.
A five-year fix has also launched at 3.39% on mortgages up to 75% LTV. All three products have fees of £495.
Toni Roberts, product manager at Accord Mortgages, said: “We constantly listen to brokers and respond to their needs and there is a clear demand for competitive low-fee mortgages.
“With the new products we have introduced and the rate reductions at 90% LTV, we are cutting costs for borrowers with smaller deposits and for those who require lower upfront charges.”
Virgin Money has launched a set of rate reductions targeted at first-time buyers, available from today.
Rates in the lender’s 90% LTV range have been reduced by up to 0.90% with rates now starting at 4.99%. 85% LTV mortgages have also been lowered and now start at 4.09%.
At lower LTV levels, a two-year fixed rates at 60% LTV is now available at 2.64% with £995 in product fees. A 70% LTV option is available from 2.75%
Anthony Mooney, savings and mortgage director at Virgin Money, added: “Virgin Money is committed to supporting borrowers with smaller deposits including first time buyers.
“The significant reductions we have made to the rates on our higher LTV mortgages will help make it easier for them to get their foot on the property ladder.”
