Accord Mortgages is reducing rates across parts of its residential and buy-to-let ranges, with the changes taking effect on 26 February.
The intermediary-only lender is cutting residential rates by up to 0.24% on products at 75%, 80% and 85% loan-to-value, while selected products at 90% LTV will fall by up to 0.09%. However, rates at 95% LTV are set to increase by up to 0.19%.
Within the revised residential range, a two-year fixed rate for house purchase at up to 85% LTV has been reduced to 4.24%, down from 4.44%. The product carries no fee and includes £300 cashback alongside a free standard valuation.
For remortgage clients at up to 75% LTV, a three-year fix has been lowered to 3.98% from 4.16%. The product comes with a £495 fee, free standard valuation and remortgage legal service.
A five-year fixed rate for remortgage, also at up to 75% LTV, has been reduced to 3.99% from 4.19%. This option carries a £1,495 fee and includes a free standard valuation and remortgage legal service.
In the buy-to-let range, reductions of up to 0.07% apply to products at 60%, 65% and 75% LTV.
Among the revised options, a two-year fixed rate for remortgage at up to 75% LTV has been cut to 4.09% from 4.16%. The product carries a £995 fee and includes a free standard valuation and remortgage legal service.
Another two-year fix for remortgage at up to 75% LTV has been reduced to 3.94% from 4.01%. This product comes with a £1,995 fee, free standard valuation and remortgage legal service.
A five-year fixed rate for house purchase at up to 65% LTV has been lowered to 4.08% from 4.14%. It carries a £3,495 fee and includes a free standard valuation and £500 cashback.
Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re so pleased to make these positive changes – which include passing on notable reductions to residential borrowers with a bigger deposit; and improving our buy-to-let offering for landlords with a larger deposit, ensuring better value across a wide range of options for brokers and their clients.”
