Accord Mortgages has cut rates for selected residential mortgages by up to 0.1 per cent on its higher loan to value (LTV) ranges.
The changes came into effect today on residential mortgages at 85 per cent LTV to 95 per cent LTV.
According to the lender, 10 products had their rates cut. Highlights include the rate change to its two-year fixed at 85 per cent LTV for house purchase and remortgage, which has been cut by 0.08 per cent to 2.37 per cent. The product comes with a £995 fee, £300 cashback and free standard valuation.
The rate for its two-year fixed at 90 per cent LTV, available for homebuyers only, has been reduced by 0.08 per cent to 3.22 per cent. The product comes with a £495 fee, £750 cashback and free standard valuation.
For its two-year fixed for homebuyers at 95 per cent LTV the rate has been cut by 0.01 per cent to 3.69 per cent. It comes with a £995 fee, £750 cashback and free standard valuation.
The lender also increased the cashback available on three of its 95 per cent LTV mortgages by up to £750.
Accord Mortgages mortgage manager Jemma Anderson (pictured) said: “We’ve made changes to our range at higher LTVs to give brokers supporting borrowers with smaller deposits more competitive choice.
“We’re pleased to be delivering better value to those choosing our smallest deposit mortgages, and with many potentially being first-time buyers, we’re sure the increased cashback will be welcome to help with the upfront costs associated with buying a home.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.