Accord Mortgages has moved to announce that it has lowered rates on a range of selected fixed rate products by up to 0.24%.
The intermediary only lender has slashed rates at 75%, 80%, 85% and 90% LTV values across two, three and five-year terms.
House purchase customers can take advantage of a competitive five-year fixed rate mortgage at 2.20% with a 20% deposit, or 85% LTV on a 2.39% rate.
Both of these mortgage deals include additional features of £250 cash back on completion and free standard valuation, with a £995 product fee.
Those investors looking for a shorter deal can look at a three-year deal at 2.37% at 90% LTV. This deal is available for both buyers and borrowers looking to remortgage and again comes with a £995 product fee.
What’s more, Accord has launched a 2.76% three-year fix at 90% LTV deal for home buyers. This deal comes with no up-front fees plus £250 cashback on completion, with free valuation.
David Robinson, Accord’s National Intermediary Sales Manager, observed: ‘We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer mortgages that deliver value for money to our customers with features like cashback on completion. The five-year rate reductions will appeal to borrowers looking for the security of fixing their mortgage repayments to a competitive rate for a longer period.’