Accord cuts five-year fixes by up to 0.15%

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Accord Mortgages has cut rates by up to 0.15 per cent on some five-year fixed rate mortgages.

The intermediary-only lender, part of Yorkshire Building Society Group, has reduced rates on five-year fixes at 75, 80 and 85 per cent LTV.

The 15 basis point cut applies to 85 per cent loans at 2.79 per cent with an £845 fee for house purchase and remortgage.

Accord is also cutting its 2.89 per cent five-year mortgage with an £845 fee with £250 cashback on completion and free standard valuation for house purchase, or free standard valuation and legal fees for remortgaging customers.

Accord national intermediary sales manager David Robinson says: “We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer value for money to our customers with incentives like cashback on completion.

“The five-year rate reductions will appeal to borrowers looking for the security of a fixing their mortgage repayments to a competitive rate for a longer period.”

Accord has also made cuts up to 0.15 per cent on its two-year fixes, with one now at 1.99 per cent with a £845 fee, £250 cashback on completion and free standard valuation.