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Accord slashes 5-year rates by up to 0.2%

Accord Mortgages has reduced rates on its five-year fixed rate mortgages by up to 20 basis points.

The lender has reduced a 65 per cent LTV deal by 10 basis points to 2.69 per cent, with £845 fee. A 75 per cent version is also reduced 10 basis points, to 2.79 per cent with the same fee.

At 80 per cent LTV, the lender has cut a five-year fix by 20 basis points to 2.94, with £845 fee. A lower-fee version is offered at 3.14 per cent, down 20 basis points, with £345 fee, free standard valuation and £250 cash back on completion.

There has been one cut to a two-year fix, at 80 per cent LTV, which has been reduced by 20 basis points to 3.04, with £845 fee, free standard valuation and £250 cash back on completion.

Accord Mortgages national intermediary sales manager David Robinson says: “We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”

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