Accord reduces residential mortgage rates

Accord has announced rate cuts of up to 0.10% on its residential mortgage range.

Reductions apply across some of the higher loan-to-values, with products at 75% LTV cut by up to 0.10% and those at 80% and 85% LTV reduced by up to 0.07%. Products for those with a 10% deposit are decreasing by up to 0.05%.

Highlights include a five-year fix at 75% LTV, down to 4.95% with a £1,995 fee, while a fee-free five-year fix at 90% LTV has reduced to 5.37%.

In addition, a two-year fixed rate remortgage product at 85% LTV has reduced to 5.65% with a £1,995 fee.

All products come with a free standard valuation.

Gemma Hyland, mortgage manager at Accord, said: “We’re delighted to take this opportunity to pass on better value to our brokers and their clients.

“We’ll continue to identify and take all possible further opportunities to pass on lower costs to borrowers, in what is still a challenging market.”