Accord unveils fixed rate cuts

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Accord Mortgages has cut rates on a number of fixed rate mortgages by up to 0.30 percentage points.

Rates have been reduced across the intermediary-only lender’s 65%, 75%, 80%, 85% and 90% loan-to-value (LTV) range, for both house purchase and remortgage customers.

Borrowers also have a choice of mortgages with no up-front fees and added features, such as cashback, free standard valuation or free legal fees.

A 1.79% two-year fixed rate mortgage is available to home buyers with a 25% deposit and comes with £250 cashback on completion and free standard valuation, plus no up-front fee.

Remortgage customers can opt for a 1.69% rate for two years at 75% LTV, which has no up-front fee and free standard valuation and free legal fees.

Other deals include a 1.89% three-year fixed rate mortgage at 85% LTV, a 2.09 five-year fixed rate mortgage at 75% LTV and a 2.19% five-year fixed rate mortgage at 80% LTV. All of the above three deals come with a £995 product fee.

Each mortgage is available to both house purchase and remortgage customers.

David Robinson, national intermediary sales manager at Accord, said: “These rate reductions are part of our ongoing commitment to offer borrowers and brokers value for money across a wide range of mortgages.

“We believe these changes provide borrowers with a choice of competitive options and will prove extremely popular with brokers.”

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