Accord Mortgages has cut rates by up to 0.30 percentage points from its two-year mortgage products.
The reductions are across a range of LTV levels, including 90% LTV.
The new range includes offset versions, the products are fully portable and allow for overpayments of up to 10%.
The new deals include:
- 75% LTV two year tracker at 2.99% with a £995 fee
- 75% LTV two year fixed at 3.19% with a £995 fee
- 90% LTV two year fixed rate at 5.29% with £995 fee and incentive options including £250 cashback and free valuation for house purchase.
“There has been a large amount of movement within the market in the past few weeks but much of it will mainly benefit buyers with larger deposits,” said Martin McIntosh, Accord product manager.
“By making cuts at the 90% LTV level as well as 65% and 75%, we are broadening the options for those who need to borrow more such as first-time buyers.”
He added: “When you consider the other assistance available on some products like free legal assistance, free valuations and cashback on completion, we think we have a strong offer for those who are taking their first steps on to the property ladder.”
