Accord to cut resi rates on 2- and 3-year fixes

The lender will cut rates on two- and three-year fixed rate products by 0.09% - with products now including a two-year fixed rate to 75% LTV at 4.07% (down from 4.16%) and £1,495 fee and a three-year fix to 85% at 4.64% (from 4.73%) with £495 fee, bot with free standard valuation and either cashback or free remortgage legals for the three-year fix. The rate on the lender's two-year fixed rate £5k Deposit Mortgage will drop to 5.45% from 5.48% with no fee and free standard valuation.

Gemma Hyland, product manager for mortgages at Accord Mortgages, said: “While things are calmer than they were in the mortgage market overall, we are still seeing a degree of volatility in market interest rates.

“We’re continuing to seize any opportunities this presents to lower our own rates and offer even better value to our brokers and their clients, and this is the latest example of that in action.”