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Accord cuts product transfer rates

  • 02/01/2020
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Accord cuts product transfer rates
Accord Mortgages has confirmed it is cutting the interest rates on 24 of its product transfer deals from today.

The cuts are by up to 0.10 percentage points, and apply across two and five-year fixed rate terms.

As a result the range now includes a five-year fixed rate at 2.04 per cent available to borrowers with a 25 per cent deposit with no fee, and a two-year fixed rate at 1.43 per cent, available up to 65 per cent LTV, and with a £995 fee.

Jane Childs, product manager at Accord, said the product changes provided brokers and their clients with a “competitive product range” with multiple options to suit different client needs.

She continued: “We’ve invested a great deal into getting our product transfer process right, ensuring all communication explicitly directs customers to their broker and having an online system which is simple, efficient and takes just a few minutes to complete.”

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