You are here: Home - News -

Accord cuts product fees and high LTV mortgage rates

by:
  • 11/01/2019
  • 0
Accord cuts product fees and high LTV mortgage rates
Accord is cutting interest rates on some of its 95% and 90% loan to value (LTV) fixed and variable rate deals.

 

The lender is also doubling cashback and halving product fees on some of its other product offers.

For borrowers with a five per cent deposit, fixed rates are being cut by up to 0.19% and discount standard variable rate (SVR) deals by 0.05%.

Selected fixed rates at 90% LTV have also been reduced by up to 0.27% and the tracker rate deal by 0.25%.

A five-year fixed rate of 2.50%, previously 2.77%, with a £995 product fee is available, alongside a two-year tracker mortgage at 1.99%, previously 2.24%, with free standard valuation and a £995 product fee.

Fixed rates at 75% LTV, 80% LTV and 85% LTV have been cut by up to 0.07% and the 85% LTV tracker by 10%.

The intermediary arm of Yorkshire Building Society has also reduced product fees on some 90% LTV fixed rate deals from £995 to £495, and increased cash backs on some 85% LTV fixes from £250 to £500.

Accord Mortgages mortgage manager Jemma Anderson (pictured) said: “We’re still giving £1,000 cashback on most of our 95% LTV mortgages and including free standard valuation with lower or no fees, in addition to reducing rates.

“We’re sure these mortgages will be well received by brokers looking to help borrowers with smaller deposits.”

 

There are 0 Comment(s)

You may also be interested in

  • RT @htbplc: 📢 | We're at the @mortgagesols Specialist Lending Event next month in Esher, Solihull, York and Liverpool. Interested in atten…
  • RT @ShawbrookBroker: Join us at the @mortgagesols Specialist Lending Event 2019 throughout Feb! Don't miss industry experts addressing the…
  • RT @OTJournalist: Eastgate to join Shawbrook as MD of commercial mortgages operation. He's spent more than six years at OSB. https://t.co/y…

Read previous post:
Over half of brokers expect buy-to-let sector to fall in 2019 – poll result

More than half of brokers expect to see landlord confidence in the purchase market to slowdown throughout 2019, whilst less...

Close