Accord Mortgages cuts higher LTV rates

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Accord Mortgages has cut rates at higher loan-to-values (LTVs) and introducing new options across its range.

The intermediary-only lender has reduced rates at the 80%, 85% and 90% LTVs and has launched new fee options at 75%, 80% and 85% LTVs.

A two-year fixed rate at 2.49% with an £845 product fee is available for both house purchase and remortgage borrowers at 90% LTV.

Meanwhile, there is a 3.24% five-year fixed rate, with free standard valuation and an £845 product fee, as well as £250 cashback on completion for those buying a home and free standard legal work on remortgages.

On offer at 85% LTV, is a 1.99% two-year fixed rate and a 2.79% five-year fixed rate. Both mortgages are available for house purchase or remortgage with an £845 fee.

At 80% LTV, there is a 1.84% two-year fixed rate available, as well as a 2.59% five-year fixed rate, both available for those buying a property or remortgaging with an £845 fee.

David Robinson, national intermediary sales manager, said: “We always try to offer brokers and borrowers a range of options and good, long-term value for money. By making these reductions and launching mortgages with different options, we are increasing the choice brokers can offer their clients.

“As well as the products we’ve launched today, we also have mortgages with no upfront fees for those who want to minimise the costs of moving or remortgaging.”

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