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Accord reduces rates on five-year fixed term products
Accord has reduced rates by up to 0.09 per cent on selected five-year fixed term products.
Among the reductions, those looking to purchase with a 40 per cent deposit can now get a fee-free five-year fixed rate of 2.33 per cent (was 2.42 per cent) with £500 cashback and free valuation.
Landlords wanting to remortgage have access to the same fee-free rate at 60 per cent loan to value (LTV) and can choose between £250 cashback and free legals and free valuation, or £500 cashback and free valuation.
The intermediary lender is also launching two new fee-free products at 65 per cent LTV for both house purchase and remortgage customers.
The five-year fixed rate products, with an interest rate of 2.57 per cent, come with £500 cashback and free valuation.
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Simon Garner, product manager at Accord, said: “As longer term fixes become more desirable, we’re improving our five-year product range to ensure we’re offering brokers competitive rates for their clients.”