Accord Mortgages to reduce selected resi rates

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Accord Mortgages will reduce selected rates across its residential mortgages on 21 July.

The intermediary-only lender will be reducing rates by an average of 0.14% across selected house purchase and remortgage options. 

The improved range will see the 10-fixed rate of 4.46% reduce to 4.16% at 75% loan-to-value (LTV), which comes with a product fee of £495 and a free standard valuation.

The two-year fixed rate will decrease from 3.88% to 3.73% at 85% LTV which comes with a £995 fee while the two-year fixed rate will go down to 3.94% from 4.09% at 90% LTV, which comes with a £495 fee, £500 cashback and free standard valuation, available to house purchase customers only.

Brokers helping clients with the smallest deposits will also have the choice of a five-year fixed rate of 4.19% down from 4.37% at 95% LTV, which is available to homebuyers and comes with a £495 fee, £750 cashback and free standard valuation. 

Accord Mortgage mortgage manager Lucy Hardiman says: “We’re pleased to be able to make rate reductions across many of our ranges as part of our commitment to supporting the market. We’re sure these latest changes will be welcome news for brokers looking for good value for their clients.”