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Accord cuts rates on 65% LTV mortgages
Accord Mortgages has reduced the rates on its two, three and five-year fixed-rate mortgages for borrowers with a 35% deposit.
New incentives in its rate cutting drive include free standard valuations and £250 cashback on completion of some products.
Its two-year fixed rate mortgage at 65% loan-to-value (LTV) is now available from 1.54% with a product fees ranging from £345 and £845, dependent on rate.
Accord has also reduced rates for borrowers looking for a longer fixed rate at 65% LTV, with its three-year fixed rate starting from 2.14% and its five-year fixed rate at 2.34%, both with an £845 product fee.
Rates for remortgagers now include added incentives such as free standard legal services, with fixed rates ranging from 1.74% to 1.94% on LTVs of 60%, 75% and 80%.
David Robinson, national intermediary sales manager at Accord, said: “We think these latest rate reductions will appeal to brokers and borrowers looking for value for money from their fixed rate mortgage. Cashback on completion and free standard valuations help borrowers to keep down the upfront costs of taking out a mortgage.”
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