"We’re thrilled to introduce these changes, which refresh both our residential and buy-to-let ranges"
- Gemma Hyland, mortgage product manager for Accord
Accord Mortgages has reduced rates across both its residential and buy-to-let mortgage ranges.
For residential borrowers there are reductions on selected two-year fixes of up to 0.30%, with three-year fixes discounted by up to 0.15%. Five-year fixes are reduced by up to 0.25%, and, on some products, fees are reduced from £995 to £495.
The interest rate is also reduced on the intermediary-only lender’s £5K Deposit Mortgage, launched earlier this year and available only to first-time buyers. This was designed to enable them to purchase a property valued up to £500,000 with just a £5,000 deposit. The product will now be available at a rate of 5.74%, down from 5.79%, for a five-year fix.
Other highlights of the residential range include a fee-free two-year fixed rate remortgage product, down by 30bps to 5.19% at 75% LTV with £500 cashback.
New purchase rates include a five-year fix at 75% LTV, down to 4.64% with a £495 fee and £500 cashback, while a fee-free two-year fix is down to 6.43% at 95% LTV with £250 cashback.
For landlord clients, selected three-year products reduce by as much as 0.45%, with two-year fixed rates down by up to 0.35% and five-year fixes reducing by up to 0.20%.
A two-year fixed rate purchase product is down to 5.54% at 80% LTV with a £995 fee. New buy-to-let remortgage product rates include a three-year fix at 4.69% up to 65% LTV with a £3,495 fee and a five-year fix at 4.84% up to 75% LTV with a £1,995 fee.
All products come with a free standard valuation and remortgage legal services on remortgage products.
The intermediary-only lender is also extending end dates across all products to 31 March.
Gemma Hyland, mortgage product manager for Accord, said: “We’re thrilled to introduce these changes, which refresh both our residential and buy-to-let ranges – ensuring that we provide the best value possible, and demonstrating our ongoing commitment to supporting a wide-range of borrowers with different circumstances or needs.”
