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Accord cuts rates as applications rise

  • 06/06/2018
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Accord cuts rates as applications rise
Accord has cut interest rates on 12 of its 75%-80% loan-to-value (LTV) mortgage deals.

Rates have been reduced by up to 0.07%, and apply across both remortgage and purchases.

Highlights include a two-year fixed rate now at 1.89%, as well as a two-year fixed rate offset at 2.22%. Both come with £500 cashback, a £495 fee and are available only as remortgages.

The rate reductions follow a record-breaking month for the lender, in which it claims to have received its highest-ever value of mortgage applications.

Applications to Accord totaled more than £900m in May.

Jeremy Duncombe (pictured), director of intermediary distribution at Accord, said: “We continually strive to ensure brokers and their clients can access competitive mortgages where underwriters have the autonomy to make flexible, common-sense lending decisions, and our business development team is empowered to help.”

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