Accord Mortgages cuts rates on high LTV products

Accord Mortgages has announced rate cuts to its high LTV products.

Rates start at 3.21 per cent for a two-year fix at 95 per cent LTV, with this mortgage coming with £1,000 cashback on completion, free standard valuation and a £495 fee.

Further highlights within Accord’s 95 per cent LTV range include a two-year fix at 3.49 per cent with no product fee, a five-year fix at 3.54 per cent which comes with a £495 product fee and a five-year fix at 3.66 per cent with no product fee.

All of these products also come with £1,000 cashback and free valuation.

Furthermore, the 95 per cent LTV variable mortgage tracks Accords SVR, which is currently at 4.99 per cent at a discounted rate of 2.00 per cent. This product comes with free standard valuation and a £495 product fee.

The lender has also made changes to its 90 per cent LTV mortgages, with rates reduced by up to 0.27 per cent.

Within both the purchase and remortgage range, the five-year fix at 2.77 per cent has been reduced to 2.50 per cent. This product comes with a £995 product fee.

Additionally, a two-year tracker mortgage is now available at 1.99 per cent, having previously been 2.24 per cent, this comes with free valuation and a £995 product fee.

Accord Mortgages mortgage director Jemma Anderson says: “Buying or moving house can be expensive so we hope this new range of mortgages will give brokers and their clients a little help with managing the associated upfront costs.”

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