Accord cuts fixed rates on semi-exclusives

Accord is further improving its range of semi-exclusive products with rate and fee cuts from today.

Since the new range was launched on 23 November, swap rates have improved even further, giving Accord the opportunity to cut fixed rates by up to 0.40 per cent.

The provider has also cut roduct fees, with the completion fee now at GBP 900, so the total product fee is now below GBP 1,000 on the range.

The new products offer two- year fixed rates at 75 per cent LTV and include a 3.69 per cent offering for house purchase and remortgages, a 3.79 per cent product with GBP 400 cashback, also for house purchase and remortgages and a remortgage-only 3.79 per cent two year fixed rate with refund of valuation and legal fees paid.

Cate Hillis, Accord's strategic development director said: “Following further reductions in swap rates, we are delighted to be able to pass on these cuts with rate reductions to our current products. We're confident that we are offering our partners some of the best deals currently available in the market with products available up to 85 per cent LTV. This is a very competitive range of products for our Key Lending Partners.”