Accord slashes rates by up to 50 basis points

Essex Home Finance
Accord Mortgages has made rate cuts to a selection of its mortgage products.
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Accord Mortgages has made rate cuts of up to 50 basis points to a selection of its mortgage products.

The biggest reduction is the new-build house specific 90% LTV two-year fix with £495 fee, which has gone from 3.70% to 3.20%.

Additionally, within the same range, the 90% LTV five-year fix with £495 fee has been reduced from 3.76% to 3.40%.

Both come with £250 cashback and a free standard valuation.

At 95% LTV, Accord has cut its two-year fix from 3.38% to 2.97% and its five-year fix from 3.46% to 3.16%.

As with the mortgages above, each of these charges a £495 fee and comes with £250 cashback and a free standard valuation. They also include free remortgage legal services.

Elsewhere, the lender has made cuts of up to 10 basis points.

Accord Mortgages mortgage manager Jemma Anderson says: “We continually look at ways to improve our mortgage range to ensure we’re giving brokers and their clients competitive choice and are confident these changes will benefit those with smaller deposits.

“The 95% remortgage options will also be welcome for clients hoping to raise additional capital for home improvements, as well as those with less equity.”

Original Article from Mortgage Strategy 07/09/21

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