Responding to reductions in market interest rates, the latest changes made by Accord include two-year fixes reducing by 0.15%, with reductions of up to 0.10% on three and five-year fixes. Landlord clients preferring a tracker option are also set to benefit, with discounts of up to 0.15% on two-year products and up to 75% LTV.
The new range is available from 8 am today and includes a two-year fix at 4.79% (was 4.94%) for remortgage clients at 60% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service.
There is also a two-year fixed rate at 5.04% (down from 5.19%) at 75% LTV, for house purchase and remortgage, which comes with a £995 fee, £250 cashback and free standard valuation
For those remortgaging, there is now a five-year fix at 4.39% (reduced from 4.49%) at 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service. And also a two-year variable tracker rate at 5.84% (BoE Base rate + 0.84%) - was 5.99% - at 75% LTV, suitable for house purchase and remortgage clients, which comes with a £995 fee, £250 cashback and free standard valuation.
The intermediary-only lender is also taking the opportunity to extend product end dates until the end of November, to maximise product term value for brokers and their clients.
Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re so pleased to respond to market conditions and pass on the benefit of swap rates falling to our brokers and their landlord clients.
“Extending product end dates also provides the opportunity for borrowers to take advantage of the best possible product terms.”
