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

Accord Mortgages is cutting rates on both its residential and buy-to let product ranges for the second time this month.

Available from tomorrow, Accord has announced a wide range of reductions across its residential range, with the biggest cuts of up to 0.18% at 90% LTV. In addition, rates on fixes at 75%, 80% and 85% LTV reduce by up to 0.13%, with remortgage rates on products at 65% LTV reducing by 0.10%.

Highlights include a fee-free two-year fixed rate at 75% LTV, down to 4.94% with £300 cashback.

For remortgage, two-year fixed rates are reducing to 4.99% at 85% LTV with a £495 fee and to 5.33% at 90% LTV with no fee.

Highlights of the range refresh for residential borrowers include:

In Accord's buy-to-let range, all fixed rate products are reducing by 0.09%.

For purchase, a fee-free two-year fixed rate is reducing to 5.23%. For remortgage, a two-year fix at 60% LTV is down to 4.78% with a £995 fee and a five-year fix at 70% LTV is reducing to 4.78% with a £3,495 fee.

All products come with a free standard valuation and free legal service for remortgages.

Tom Simpson, managing director of homes at Yorkshire Building Society, said: “We are delighted to use this opportunity to enhance the competitiveness of our range, delivering improved value across a broad selection of products for brokers and their clients, whether customers are purchasing, remortgaging, or financing a buy-to-let property.”