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Accord cuts rates across most LTV bands

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Accord Mortgages will cut rates at most loan-to-values from tomorrow (Friday 4 August).

The intermediary-only lender will reduce rates across its 65, 75, 80, 85 and 90 per cent LTV ranges by up to 0.12 per cent.

The changes mean Accord will be selling a five-year fix at 2.12 per cent for both house buyers and remortgage customers at 85 per cent LTV, with a £995 fee.

The lender will also be offering a two-year fixed rate loan at 1.37 per cent at 65 per cent LTV for house purchases. The product has a £995 product fee.

Accord has also introduced a three-year fixed rate loan at 2.29 per cent and 85 per cent LTV for house purchase.

Both mortgages come with £500 cashback on completion and free standard valuation.

Accord national intermediary sales manager David Robinson says: “By making these reductions and launching mortgages, we are increasing the choice brokers can offer their clients.

“As well as the product we’ve launched today, we also have mortgages with no upfront fees for those who want to minimise the costs of moving or remortgaging.”

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