The new rates are launched today and are particularly good news for borrowers looking to buy their first home. Home buyers with a 10% deposit will now be able to get a two-year fixed rate mortgage at 3.59% and a low £345 product fee and free standard valuation.
Other 90% LTV products changing as part of the rate reduction include a two-year fixed mortgage at 3.34%.
Meanwhile, borrowers with a 5% deposit can pick up a two-year fixed rate mortgage for a competitive low rate of 4.99% and an £845 product fee from the intermediary-only lender, which is part of Yorkshire Building Society Group.
For those looking for a zero fee option on a 95% loan to value, there is a two-year fixed rate mortgage at 5.39% with £750 cashback.
David Robinson, National Account Manager for Accord Mortgages, said:
“These rate reductions provide competitive rates for borrowers with 5% and 10% deposits. It is part of our ongoing commitment to offering borrowers and brokers excellent fixed rate products.”
