Accord cuts residential rates by up to 0.26%

Accord Mortgages is reducing rates across its residential new business and product transfer ranges.

Available from tomorrow, the range refresh sees reductions of up to 0.26% on mortgages for borrowers at 95% LTV, with products at 90% LTV reduced by up to 0.11%, and products at 80% and 85% LTV down by up to 0.14%.

The changes also apply to the lender’s 5K Deposit Mortgage, with a fee-free five-year fix down by 20bps to 6.58%.

For remortgage, a two-year fixed rate has reduced by 26bps to 6.47% at 95% LTV with a £495 fee, with a two-year fix at 85% LTV decreasing to 5.27% with a £1,495 fee.

For existing customers looking for a product transfer, selected fixed rates have also reduced by up to 0.05%. A two-year fix up to 65% LTV with a £1495 fee is now 4.91%.

Jeremy Duncombe, managing director of Accord Mortgages, said: “We’re pleased to be reducing rates again across our range, including on our £5K Deposit Mortgage. 

“These changes underline our commitment to providing competitive options, giving brokers more ways to help aspiring homeowners to take that important step on to the property ladder, and offering current homeowners more choice and value.”