Accord cuts rates on two-year fixes

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Accord Mortgages has cutting up to 0.20 percentage points from the cost of its two-year fixed rate mortgage deals.

New products are available up to 85% LTV.

The new two-year deals include a rate at 3.34% with a £1,995 fee and one at 3.54% with a £995 fee – both at 85% LTV.

At 75% LTV there is a deal at 2.34% with a £1,995 fee and at 2.54% with a £995 fee.

Offset versions of the new two-year products are also available.

All Accord mortgage products allow up to 10% overpayments per year and are fully portable.

Steve McAvan, Accord’s group intermediary product manager, said: “Recent swap rate activity has given us the opportunity to re-price our two year fixed rate products and offer brokers an even more competitively priced range of options to suit the needs of their clients.”””

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