Accord cuts residential and buy-to-let rates by up to 0.24%

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

Available from tomorrow, the new residential range offers reductions of up to 0.24% on products at 75%, 80% and 85% LTV; with selected products also reduced by up to 0.09% at 90% LTV. Rates at 95% LTV are increasing by up to 0.19%.

At 85% LTV, a two-year fix is reducing by 0.20% to 4.24% with no fee and £300 cashback.

In its residential remortgage range, a three-year fix at 75% LTV is down to 3.98% at 75% LTV with a £495 fee and a five-year fix is decreasing to 3.99% with a £1,495 fee. Both products come with a free standard valuation and remortgage legal service.

For Accord's buy-to-let range, reductions include decreases of up to 0.07% on products at 60%, 65% and 75% LTV.

A five-year fixed rate purchase product at 65% LTV is reducing to 4.08% with a £3,495 fee and £500 cashback.

Two-year remortgage rates at 75% LTV are reducing to 4.09% with a £995 fee and 3.94% with a £1,995 fee.

Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re so pleased to make these positive changes – which include passing on notable reductions to residential borrowers with a bigger deposit; and improving our buy-to-let offering for landlords with a larger deposit, ensuring better value across a wide range of options for brokers and their clients.”