Accord cuts residential and buy-to-let rates by up to 0.18%

Accord Mortgages is reducing selected product rates from its residential and buy-to-let ranges by up to 0.18%.

Available from tomorrow, 13th August, residential products up to 75% LTV are decreasing by up to 0.10%, house purchase deals above 80% LTV by up to 0.11%, and remortgage options above 80% LTV by up to 0.05%. 

Highlights include a two-year fixed rate purchase product, down to 4.95% at 75% LTV. A five-year fix at 85% LTV has reduced to 4.91%. Both products come with a £495 fee and free standard valuation. For residential remortgage, a five-year fix at 65% LT has decreased to 5.01% with no fee, free standard valuation and remortgage legal work.

Within its buy-to-let range, the lender is trimming its two and five-year remortgage products up to 75% LTV by up to 0.18%. 

Highlights include a five-year remortgage rate at 75% LTV, down by 18bps to 4.91%. Two-year fixed rates have reduced to 4.77% at 60% LTV and 4.85% at 75% LTV. All products come with a £995 fee, free standard valuation and remortgage legal work.

Jeremy Duncombe, managing director for Accord Mortgages, said: “We're delighted to share this latest reduction in selected residential and buy-to-let mortgage rates, in line with our ongoing commitment to offering our brokers and their clients the best value possible."