Accord Mortgages has cut rates on 90 per cent LTV products by up to 0.23 per cent.
The intermediary-only lender, which is part of the Yorkshire Building Society Group, has launched a 2.24 per cent two-year fixed rate mortgage at 90 per cent LTV with a £995 fee, which is available to both remortgage and house purchase customers.
For customers preferring a longer term option the range includes a five-year fix at 2.96 per cent up to 90 per cent LTV with a £995 fee. This mortgage is available with free standard valuation and free legal fees for remortgaging borrowers, and £250 cashback on completion and free standard valuation for house purchase customers.
Accord mortgage product manager Jemma Anderson says: “We recently removed our mortgage application processing fee, which gives brokers and their clients the assurance that no product fees need to be paid until the mortgage has completed.
“We hope this, plus the option of added incentives on our 90% LTV mortgages, will help to reduce the upfront costs for first-time buyers looking to get a foot on the property ladder.”