Accord is once again cuts rates across its residential mortgage range by between 0.15% and 0.25%, at a time when market swap rates are heading in the other direction.
The intermediary-only lender is launching a raft of new products including the following:
- A fee-free two-year fixed rate up to 90% LTV at 5.24%, (was 5.44%), available for house purchase and featuring £250 cashback and free standard valuation
- A five-year fix to 85% LTV for remortgagers will be 4.38%, down from 4.53%, with free standard valuation and remortgage legal service, a product fee of £495 and £250 cashback
- And a 60% LTV five-year fix at 4.49% (was 4.64%), which comes with £500 cashback, no fee and free standard valuation, is available for home buyers.
Mortgage product manager Gemma Hyland said: “Mortgage pricing continues to be a rollercoaster ride, with market swap rates climbing once again.
“With a view to protecting brokers and their clients from that trend as much as possible, this latest range re-price is an example of how we are doing everything we can to offer them maximum product value, despite such challenging conditions.”
Lenders cut rates on eve of Bank of England decision