Accord makes further fixed-rate reductions

Accord Mortgages is today reducing rates on its fixed rate mortgages for borrowers with a 35% deposit.

Related topics:  Mortgages
Rozi Jones
20th February 2015
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 The intermediary-only lender has reduced rates on two, three and five-year mortgages with free standard valuations and £250 cashback on completion.

Borrowers with a 35% deposit can now get a two-year fixed rate mortgage at 1.54% with an £845 product fee.

Other highlights of the 65% loan-to-value (LTV) mortgage changes include a 1.74% two-year fixed rate with a £345 product fee, £250 cashback on completion and free standard valuation; and a 1.59% two-year fixed rate with a £345 product fee

There are also reduced rates for borrowers looking for a longer fixed rate mortgage at 65% LTV, including:

- 2.14% three-year fixed rate mortgage with an £845 product fee
- 2.24% three-year fixed rate mortgage with an £845 product fee and £250 cashback on completion and free standard valuation
- 2.34% five-year fixed rate mortgage with an £845 product fee

Rates have also been reduced for borrowers looking to remortgage. The two-year fixed rate remortgages include a 1.74% fixed rate at 65% LTV, 1.79% fixed rate at 75% LTV, and a 1.94% fixed rate at 80% LTV.

All remortgage products have a £345 product fee, free standard valuation and free standard legal services.

David Robinson, National Intermediary Sales Manager at Accord, said:

“We think these latest rate reductions will appeal to brokers and borrowers looking for value for money from their fixed rate mortgage. Cashback on completion and free standard valuations help borrowers to keep down the upfront costs of taking out a mortgage. We are confident the highly competitive rates on offer will make these mortgages appealing to brokers and borrowers.”

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