Accord Mortgages will withdraw and replace its entire residential mortgage range next week, in a move that will see selected rates rise while others fall.
The broker-only lender says the current range will be withdrawn at 8pm on Monday 22 November and replaced at 9am on Tuesday 23 November, with end dates extended to 31 March.
Highlights of the new range, available for both house purchase and remortgage with a £495 fee and free standard valuation, include:
A two-year discounted standard variable rate loan at 1.04%, from 1.19%, at 65% loan-to-value
A two-year discounted SVR rate offer at 1.09%, from 1.24%, at 75% LTV
And a seven-year fixed-rate mortgage at 2.10%, from 2.19%, at 75% LTV
The firm says it has increased selected mortgages across lower LTVs, but 90% and 95% LTV mortgages have either stayed the same or been reduced.
It adds its key five-year fixed rate of 2.07% at 85% LTV remains available.
Highlights for brokers supporting clients with smaller deposits include:
A two-year fixed-rate loan at 2.22% at 90% LTV, which comes with a £495 fee, £500 cashback and free standard valuation for house purchase
A five-year fixed-rate offer at2.59%, from 2.64%, which comes with £500 cashback and free standard valuation for house purchase
A two-year fixed-rate mortgage at 2.97%, which comes with a £495 fee, £250 cashback, free standard valuation and free remortgage legal services for those remortgaging at 95% LTV
Accord Mortgages mortgage manager Jemma Anderson says: “While extending end dates to give brokers and their clients the best chance to maximise their initial deal terms, we’ve taken the opportunity to re-assess the entire range.
“As a result, some rates have gone down, and some up, as we adjust our range of residential mortgages to reflect the ever-changing market.”
Original Article from Mortgage Strategy 19/11/21