Accord Mortgages has announced rate reductions across its residential and buy to let mortgage ranges, with selected products falling by up to 0.69%.
The changes take effect from 8am on Thursday 22nd October and include reductions of up to 0.06% on selected residential fixed rates across all loan to value (LTV) tiers.
The lender has also reduced the rate on its £5k Deposit Mortgage, aimed at first time buyers purchasing with a £5,000 deposit.
Within its buy to let range, Accord is cutting rates by between 0.06% and 0.69%. Landlord purchase products will see reductions of up to 0.69% at 80% LTV and up to 0.23% at 75% LTV.
For remortgage borrowers, rates are falling by up to 0.68% at 75% LTV and 0.53% at 80% LTV.
Among the residential changes, a two year fixed rate for house purchases at 75% LTV has fallen from 5.22% to 5.16%, with a £1,495 fee and standard valuation.
The lender's five year fixed rate £5k Deposit Mortgage has also been reduced from 6.58% to 6.52%, with no product fee and standard valuation.
In the buy to let range, a two year fixed remortgage product at 80% LTV has fallen from 6.42% to 5.89%, while a two year purchase fix at the same LTV has been reduced from 6.02% to 5.84%. Both products carry a £995 fee and include standard valuation, with remortgage legal services also included on the remortgage deal.
A two year fixed remortgage rate at 75% LTV has also been cut from 5.42% to 5.29%, with a £995 fee, standard valuation and remortgage legal services.
Jeremy Duncombe, managing director of Accord Mortgages (pictured), said: "We’re pleased to make our range even more competitive as part of our commitment to delivering the best possible value for brokers and their clients, whether they’re buying a home, remortgaging or financing a buy-to-let property."
