Accord has announced that it is reducing rates on its residential range by up to 0.10% on fixed-rate products up to 75% and 80% loan-to-value. Products up to 85% LTV will reduce by up to 0.09%. Accord is also extending end dates to 31 May, to maximise product term value for brokers and their clients.
For landlord borrowers, rates are reduced by 0.10% across the range, including on products up to 80% LTV.
Following the changes, which come into effect from tomorrow, for residential borrowers, a two-year fix is available at 4.61% (was 4.71%) up to 75% LTV, suitable for house purchase, with a £1,995 fee, £250 cashback and free standard valuation.
There is also a two-year fix at 4.91% (was 4.94%) up to 80% LTV, suitable for house purchase, which comes with a £495 fee, £500 cashback, and free standard valuation and a five-year fixed rate, up to 85% LTV, for those remortgaging, at 4.71% (was 4.79%), with a £495 fee, free standard valuation, and a choice of either £500 cashback or remortgage legal services.
For buy-to-let borrowers, a two-year fixed rate at 4.29% (was 4.39%) is available for those remortgaging at 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service.
There is also a two-year fixed rate at 4.64% (was 4.74%) for those remortgaging at 75% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service and a five-year fix at 5.19% (was 5.29%) for those remortgaging up to 80% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service.
Gemma Hyland, mortgage product manager, said: “We’re pleased to be passing on the benefit of market fluctuations to our brokers and their clients, ensuring we deliver the best possible value we can, and providing options for borrowers, whether they are looking to buy or remortgage their own home, or for a rental property.”
