Accord cuts 5-year fixes

Ryan Bembridge

June 10, 2016

house scissors

Accord Mortgages has cut 5-year fixed rate mortgages by 0.15% – as its 80% loan-to-value mortgage stands at 2.49% with an £845 fee.

The 5-year fix comes with £250 cashback on completion and a free standard valuation for house purchase, or a free standard valuation with legals for remorgagors.

Also available is an 85% LTV 5-year fix at 2.64% or 2.74% with incentives.

Accord offers 75% LTV 10-year fix at 2.88%

David Robinson, Accord’s national intermediary sales manager, said: “We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer value for money to our customers with incentives like cashback on completion.

“The 5-year rate reductions will appeal to borrowers looking for the security of a fixing their mortgage repayments to a competitive rate for a longer period.”