Accord cuts rates on two-year fixes

Accord Mortgages is cutting the rates of its two-year fixes by up to 0.20%.

New rates available from tomorrow include a two-year fix at 3.34% available up to 85% LTV with a £1,995 fee, and a two-year fix at 3.54% available up to 85% LTV with a £995 fee.

The lender is also reducing its two-year fix available up to 75% LTV with a £1,995 fee to 2.34%, while its two-year fix available up to 75% LTV with a £995 fee now has a rate of 2.54%.

Offset versions of the new products are also available.

Steve McAvan, group intermediary product manager at Accord, says: “Recent swap rate activity has given us the opportunity to re-price our two-year fixed rate products and offer brokers an even more competitively priced range of options to suit the needs of their clients.”