Accord said it was “taking advantage of more stable market conditions” to adjust its pricing.
It has made reductions of up to 0.1% to its residential mortgage range across higher-loan-to-value (LTV) tiers, with headline cuts made to its 75% LTV range and reductions of up to 0.07% on deals at 80% and 85% LTV.
At 90% LTV, Accord has lowered rates by up to 0.05%.
Changes include a five-year fixed purchase deal at 75% LTV, which has gone down from 5.05% to 4.95%. This has a £1,995 fee and free standard valuation.
There is also a two-year fix at 85% LTV for remortgage, which is priced at 5.65%, down from 5.72% previously. This also has a £1,995 fee and free standard valuation.
There is a fee-free deal at 90% LTV, for purchase, which has been cut from 5.42% to 5.37%. This has a free standard valuation.
Gemma Hyland, mortgage manager at Accord, said: “We’re delighted to take this opportunity to pass on better value to our brokers and their clients.
“We’ll continue to identify and take all possible further opportunities to pass on lower costs to borrowers, in what is still a challenging market.”
BTL rates cut by 0.4%
Accord has also lowered pricing across two- and three-year fixed rates within its BTL range by up to 0.4%.
This includes a two-year fixed remortgage at 75% LTV, which was 6.19% and has gone down to 5.79%. This deal has no fee, and offers a free standard valuation as well as free legals.
There is also a three-year fixed remortgage at 60% LTV, which has fallen from 5.24% to 5.04%. This also has no fee, a free standard valuation and remortgage legal work.
At 60% LTV, Accord has reduced a three-year fixed remortgage rate by 0.2% to 5.04%. This has a £995 fee, free standard valuation and remortgage legal work.
Accord has also lowered the rate of a two-year fixed purchase deal at 75% LTV from 5.14% to 4.89%. This has a £3,495 fee and free standard valuation.
Aidan Smith, BTL mortgage manager at Accord, said: “While a degree of ongoing market volatility remains, the general trend is towards stabilisation and settling out.
“We are pleased to say that this has allowed us to trim selected rates across our buy-to-let range and enhance the value we offer landlords.
“As always, we will continue to closely monitor market conditions for any further opportunities like this.”
