"We’re keeping a watchful eye on the rapidly changing picture in the marketplace in terms of the needs of cost-conscious borrowers and market interest rates."
Accord has reduced rates on residential mortgage products up to 85% LTV by as much as 0.24%.
The move follows a number of interest rate cuts by the intermediary-only lender in recent weeks, and the launch of new residential and buy-to-let tracker products last week.
The changes, taking effect from 8am on Thursday 22nd December, include reductions of up to 0.24% on a 10-year fixed rate at 75% LTV, with up to 0.22% also shaved off two-year fixes up to 60% LTV and up to 0.12% off those up to 85% LTV.
A 10-year fixed rate mortgage at 75% LTV is now available at 5.35% with a £995 product fee and free standard valuation, available for purchase and remortgage.
A fee-free two-year fix at 60% LTV, for house purchase, has reduced to 5.50% from 5.72% and comes with free standard valuation and £500 cashback.
A five-year fix at 60% LTV is now 4.71%, down from 4.91%, with free standard valuation, a product fee of £495 and £250 cashback.
An 85% LTV two-year fix, reduced to 5.23% (was 5.35%), with a £995 completion fee is also available for both home purchase and remortgage.
Mortgage product manager, Gemma Hyland, said: “We’re keeping a watchful eye on the rapidly changing picture in the marketplace in terms of the needs of cost-conscious borrowers and market interest rates.
“Today’s rate reductions are just the latest example of how we are reacting quickly to enable brokers to offer as much value to their clients as possible.”
