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.”
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