Accord cuts residential and buy-to-let rates by up to 0.23%

Accord Mortgages is reducing rates on both its residential and buy-to let product ranges.

Available from tomorrow, the new range for residential borrowers offers reductions of up to 0.23% on products at 75% and 80% LTV and 0.20% at 85% and 90% LTV. 

For those with the lowest deposit, products up to 95% LTV also reduce by up to 0.13%. Reductions include the new first-time buyer exclusive product range, as well as the lender’s 5K Deposit Mortgage - which enables first-time buyers with a £5,000 deposit to purchase a property valued up to £500,000 - down by 12bps to 5.34%.

Highlights of the residential range include a five-year fix at 4.09%, available up to 75% LTV with a £495 fee, and a two-year fix for first-time buyers at 90% LTV, down to 4.41% with a £495 fee and £500 cashback.

For remortgage, a fee-free two-year fixed rate has reduced to 4.33% up to 80% LTV, which comes with the lender's remortgage legal service. 

Across its buy-to-let range, Accord’s reductions include decreases of up to 0.20% at 60% and 80% LTV, while those at 75% LTV will be up to 0.22% lower.

A five-year fix at 80% LTV has reduced from 5.06% to 4.88% with a £995 fee, while a two-year fix at 60% LTV is down from 4.00% to 3.90% with a £1,995 fee.

Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re so pleased to be able to make further positive changes to both our residential and buy-to-let ranges, passing on even better value to brokers and their clients.”