Accord Mortgages becomes latest lender to cut rates

Accord Mortgages has cut a selection of five-year fixed rates by 0.1 per cent, across 80, 85 and 90 per cent LTV bands.

The cheapest deal at 80 per cent LTV is available at 3.44 per cent with £845, while the same product is available at 3.54 per cent with a free standard valuation. Another 80 per cent deal is offered at 3.64 per cent with the free valuation and £250 cash back.

Across the 85 per cent LTV band, the lowest rate now offered is 3.94 per cent with £845 fee, while the cheapest 90 per cent LTV product is priced at 4.64 per cent with £1,845 fee.

The lender has also reduced a selection of 65 and 75 per cent LTV rates by 5 basis points.

Accord Mortgages national account manager David Robinson says: “As well as providing competitively priced mortgages, we will continue to offer both brokers and customers the excellent standard of service and support they have come to expect from us.”

Barclays, Halifax and Metro Bank have also cut rates in the last month, with Santander reducing a selection of fixed and tracker rates from 3 September. Virgin Money and the Post Office have also launched products with reduced rates in the last week.