Accord cuts five-year rates

Accord Mortgages has announced reductions on its residential five-year fixed rate range for borrowers with deposits from 20% to 35%.

Related topics:  Mortgages
Rozi Jones
12th January 2015
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There are reductions of 0.10% on selected mortgages at 65% loan-to-value (LTV), with rates including a 2.69% five-year fixed rate with an £845 product fee and a 2.79% two-year fixed rate with a £345 product fee.
 
At 75% LTV, customers are being offered a 2.79% five-year fixed rate with an £845 product fee and a 2.89% five-year fixed rate with a £345 product fee.

 Customers with an 80% LTV can take advantage of the following new rates, which have been reduced by 0.20%:
 
- A 2.94% five-year fixed rate with an £845 product fee
- A 3.04% two-year fixed rate with an £845 product fee, free standard valuation and £250 cash back on completion
- A 3.14% five-year fixed rate with a £345 product fee, free standard valuation and £250 cash back on completion
 
David Robinson, National Intermediary Sales Manager at Accord Mortgages, said:

“We think these new mortgages will appeal particularly to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next five years. The rates and incentives are complemented by the high standard of customer service you’d expect from Accord.
 
“We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”

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