Accord reduces rates on residential mortgages

Accord Mortgages has now added more choice to its product range by reducing rates at most LTVs and offering a new three-year option at 85% LTV.

Part of Yorkshire Building Society, the intermediary lender has lowered rates across its 65%, 75%, 80%, 85% and 90% LTV ranges by up to 0.12%. This commenced from Friday August 4.

These updated mortgages have incorporated a two-year fixed rate at 1.37% at 65% LTV for home purchases witch a £995 product fee. Another highlight includes a new fee-free three-year fixed rate mortgage which is available at 2.29% for borrowers looking to buy a new home with a 15% deposit.

Both mortgages come with a free standard valuation and £500 cashback on completion.

For those seeking a longer guaranteed rate, there is a five-year fix at 2.12% for house buyers and remortgage customers at 85% LTV and a £995 fee.

National Intermediary Sales Manager, David Robinson, said: “We always try to offer brokers and borrowers a range of options and good, long-term value for money. By making these reductions and launching mortgages, we are increasing the choice brokers can offer their clients.”

“As well as the product we’ve launched today, we also have mortgages with no upfront fees for those who want to minimise the costs of moving or remortgaging.”