Accord announces further cuts to residential mortgage rates

The lender has reduced rates for the third time in two weeks.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
18th July 2024
house price coin down
"We’re delighted to be able to reduce rates across our product range yet again, as we continue to strive to offer the best value possible to borrowers."
- Gemma Hyland, mortgage product manager for Accord

Accord Mortgages is reducing rates by up to 0.20% across its range of residential products up to 90% LTV.

The latest changes include reductions of up to 0.20% on products up to 85% LTV and up to 0.14% up to 90% LTV.

Highlights include a five-year fixed rate purchase product, down by 20bps to 4.67% at 75% LTV with a £995 fee. In addition, a two-year fix at 80% LTV has also reduced by 20bps to 5.32% with a £995 fee, £250 cashback and free standard valuation

In Accord's remortgage range, a two-year fix at 90% LTV has reduced to 5.77% with a £995 fee, free remortgage legal work and free valuation.

The latest reductions follow cuts of up to 0.25% across Accord's residential range last week.

Gemma Hyland, mortgage product manager for Accord, said: “We’re delighted to be able to reduce rates across our product range yet again, as we continue to strive to offer the best value possible to borrowers.

“We’ll continue to closely monitor market trends with a view to eyeing further such opportunities.”

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