Accord trims rates across residential and buy-to-let ranges

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Accord Mortgages is reducing rates across its residential and buy-to-let product ranges for the second time this month, with changes taking effect from 25 June.

The intermediary-only lender has announced a series of reductions across its residential mortgage range, with the largest cuts of up to 0.18% applying to products at 90% loan-to-value (LTV).

Further reductions of up to 0.13% have been made on fixed rate products at 75%, 80% and 85% LTV, while selected remortgage deals at 65% LTV have been cut by 0.10%.

Among the revised residential products is a fee-free two-year fixed rate remortgage at up to 90% LTV, now priced at 5.33%, down from 5.51%. The product includes a standard valuation and remortgage legal service.

A two-year fixed rate remortgage at up to 85% LTV has been reduced to 4.99% from 5.12%. The deal carries a £495 fee and includes a standard valuation and remortgage legal service.

For homebuyers, Accord has cut its fee-free two-year fixed rate at up to 75% LTV to 4.94% from 5.07%. The product includes a standard valuation and £300 cashback.

The lender has also reduced rates across its entire buy-to-let fixed rate range by 0.09%.

Notable changes include a two-year fixed rate remortgage at up to 60% LTV, reduced to 4.78% from 4.87%. The product comes with a £995 fee, standard valuation and remortgage legal service.

A five-year fixed rate remortgage at 75% LTV has also been cut to 4.78% from 4.87%, with a £3,495 fee, standard valuation and remortgage legal service included.

Meanwhile, landlords purchasing a property can access a fee-free two-year fixed rate at up to 75% LTV, now priced at 5.23%, down from 5.32%, with a standard valuation included.

Tom Simpson, managing director of homes at Yorkshire Building Society, said: “We are delighted to use this opportunity to enhance the competitiveness of our range, delivering improved value across a broad selection of products for brokers and their clients, whether customers are purchasing, remortgaging, or financing a buy-to-let property.”

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