Accord Mortgages has reduced selected fixed-rate products across its residential and buy-to-let ranges by up to 18 basis points, effective from August 13, as part of ongoing mid-year price revisions aimed at providing better value to borrowers.
Accord Mortgages has lowered selected rates across its residential and buy-to-let ranges, trimming some products by as much as 18 basis points as it continues a series of mid-year repricings. The latest changes take effect from August 13 and include cuts across fixed-rate residential products up to 75% loan-to-value, as well as sharper reductions on some higher-LTV purchase and remortgage deals.
Among the headline moves, Accord has cut a five-year fixed residential deal for house purchases at 85% LTV to 4.91% from 5.02%, with a £495 fee and free standard valuation. For remortgagors at 65% LTV, a five-year fix has fallen to 5.01% from 5.11% and comes with no fee, free standard valuation and remortgage legal work. In buy-to-let, the lender has reduced two- and five-year remortgage products up to 75% LTV by up to 18 basis points, including a two-year fix at 4.77% for borrowers at 60% LTV and a five-year option at 4.91% at 75% LTV, both with a £995 fee, free standard valuation and remortgage legal work.
The latest round follows a pattern of repeated rate cuts by the lender over recent months. In June, Accord announced multiple reductions across its residential and buy-to-let books, including new products for remortgagors with larger deposits and further reductions later that month. Jeremy Duncombe, managing director of Accord Mortgages, said the lender was “delighted” to announce the latest cuts and described them as part of its commitment to giving brokers and clients better value.
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