Accord Mortgages has reduced selected rates across its residential mortgage range, with cuts of up to 0.40% among a range of purchase and remortgage products.
The biggest reductions are to two-year fixed rates, at up to 0.40%. Three-year fixes are coming down by 0.34%, five-year fixes by up to 0.18% and two-year trackers by up to 0.23%.
At the same time, the Society is making smaller increases to a limited number of products to reflect market fluctuations – with a small number of two-year fixes increasing by up to 0.15%, five-year fixes by up to 0.17%, and 10-year fixes by up to 0.10%.
In Accord's purchase range, a three-year fix at 90% LTV has reduced to 4.49% with £300 cashback and a two-year fix at 90% LTV is down to 4.75%, both with a £495 fee and free valuation
For remortgage, two-year fixed rates have reduced to 4.45% at 80% LTV with a £495 fee and £500 cashback, and 4.40% at 75% LTV with no fee and remortgage legal work.
In addition, a three-year remortgage rate has decreased to 4.23% up to 75% LTV with a £495 fee and £500 cashback.
Aidan Smith, mortgage product manager at Yorkshire Building Society, said: “Maximising value for our borrowers is always our primary goal and so we’re delighted to be able to make these latest mortgage rate reductions.
“Although not the only thing that drives mortgage interest rates, the Bank of England’s recent decision to reduce its base rate from 4.25% to 4.00% has opened up fresh opportunities within the market for lenders like us; and we’ll certainly be keeping a lookout for more over the coming weeks.”
