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Santander and Accord make series of rate cuts – round-up

  • 20/09/2021
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Santander and Accord make series of rate cuts – round-up
Santander has reduced rates on its new business range for borrowers who are purchasing or remortgaging.


Two and five-year fixes at 80 per cent loan to value (LTV) have been reduced by up to 0.24 per cent. 

These include the two-year fixed purchase only deal with a £999 fee, which has been cut by 0.24 per cent to 1.39 per cent. The remortgage alternative has been reduced by 0.14 per cent to 1.49 per cent. 

Its large loan range has received cuts of up to 0.36 per cent. The two-year fixed product at 60 per cent LTV with a £2,499 fee declined from 1.49 per cent to 1.22 per cent, while the five-year fixed option has been cut from 1.69 per cent to 1.38 per cent. 

The alternatives at 75 per cent LTV have been reduced to 1.48 per cent and 1.63 per cent respectively. 

Santander’s new build exclusive 2.5-year fixed products at 85 per cent LTV have been reduced by 0.10 per cent for the £999 fee option to 1.70 per cent, while the fee-free option has been cut by 0.15 per cent to 2.09 per cent. 

The bank has also rolled its two-year tracker fee-free product at 90 per cent LTV out to all purchase types. 

Elsewhere, the two-year fixes at 75 per cent LTV with a £999 fee for purchase have been withdrawn. 


Accord Mortgages cuts rates 

Accord has reduced rates on home buyer and remortgage products by up to 0.31 per cent. 

Changes include a five-year fixed rate down from 1.88 per cent to 1.80 per cent at 80 per cent LTV, and the equivalent product at 85 per cent LTV which is now 2.17 per cent, down from 2.33 per cent. 

Both have a fee of £995, offer a £1,000 cashback and a free standard valuation incentive. 

At 90 per cent LTV, the three-year fix has been cut from 2.73 per cent to 2.43 per cent. This product has a £495 fee, £500 cashback and a free standard valuation. 

Jemma Anderson (pictured), mortgage manager at Accord Mortgages, said: “We’re delighted to launch this new range, including some market-leading products for brokers and their clients looking to take advantage of the current low interest rate environment. 

“These changes offer great competitive value, suiting a variety of customer circumstances and borrowing requirements. We hope they will be welcomed by brokers and their clients.” 

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