Accord cuts rates and product fees
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Accord Mortgages, the broker arm of Yorkshire Building Society, has reduced rates on fixed rate deals available through its key lending partners and lowered its completion fee.
The lender has cut rates on fixed rate deals by up to 0.4%, citing an improvement in swap rates since the range was launched on November 23.
The cuts apply to two-year fixed rate deals available up to 75% LTV.
There is now a deal for house purchase and remortgage at 3.69% and a product at 3.79% with £400 cashback, also available for house purchase and remortgage.
Accord also has a deal at 3.79% with refunded valuation and paid legal fees for remortgage cases only.
The lender has also reduced its completion fee from £995 to £900.
Factoring in the existing £95 booking fee, this brings the total product fee to £995.
Cate Hillis, strategic development director at Accord, says: “Following further reductions in swap rates, we are delighted to be able to pass on these cuts with rate reductions to our current products.
“We’re confident that we are offering our partners some of the best deals currently available in the market with products available up to 85% LTV.”
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Readers' comments (3)
Anonymous | 4 Dec 2009 2:18 pm
Do Accord Mortgages have field based BDM's?
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Sabrina Owen | 4 Dec 2009 3:35 pm
Please could someone explain to me why Accord have just put the SVR UP by 0.65% stating the increased cost of borrowing for the reason and yet they have reduced fixed rates because if the improved swap rates????
I would also like to know how they can justify an increase in the SVR when they didn't pass on many of the reductions in the base rate.
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Anonymous | 7 Dec 2009 8:20 am
I wrote to the M D of Accord, to ask for an explination for the increase in SVR, he said the cost of supplying mortgages to their customers had gone up recently, disgraceful behaviour by Accord, charging more to existing customers to allow them to reduce rates for new customers....
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