Accord improves residential range with rate cuts

Published on

Accord Mortgages is making a number of changes to its residential mortgage offering, with cuts of up to 0.50 percentage points.

The new range is aimed at those looking for higher loan-to-value mortgages, purchasing new-build houses or remortgaging.

Deals for new-build houses include:

  • A two-year fixed rate of 3.20% (was 3.70%) available at 90% LTV, which comes with a £495 fee, £250 cashback and free standard valuation.
  • A five-year fixed rate of 3.40% (was 3.76%) available at 90% LTV, which comes with a £495 fee, £250 cashback and free standard valuation.

Deals for remortgage clients at 95% LTV include:

  • A two-year fixed rate of 2.97% (was 3.38%)
  • A five-year fixed rate of 3.16% (was 3.46%)

Both 95% LTV remortgages come with a £495 fee, £250 cashback, free standard valuation and free Remortgage Legal Services. A fee-free rate of 3.22% (was 3.69%) is also available.

Longer-term fixes up to five-years have also been reduced by up to 0.10 percentage points on selected products at 75%, 80% and 85% LTV, while the same term is now available at 90% LTV at a fee-free rate of 2.96% (was 3.14%).

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We continually look at ways to improve our mortgage range to ensure we’re giving brokers and their clients competitive choice and are confident these changes will benefit those with smaller deposits.

“The 95% remortgage options will also be welcome for clients hoping to raise additional capital for home improvements, as well as those with less equity.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...

Reward Funding passes lending milestone

Reward Funding has passed the £350m loan book milestone for the first time in...

London’s luxury lettings market surges 154% as wealthy tenants opt to rent

London’s prime lettings market has more than doubled in size during the first half...

3.3 million households locked out of home ownership

More than three million households have been priced out of home ownership since the...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

Getting to know you: Mike Lawlor, Integrity Wealth Management

Name: Mike Lawlor Age: 48 Location: High Barnet Qualification Year: 2004 Firm: Integrity Wealth Management Specialty: Large loans Education: Politics...

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...