Accord cuts 90pc LTV rates
The intermediary-only lender, which is part of Yorkshire building society group, has cut its 5-year fixed rate mortgages for customers with a 90% loan-to-value by up to 0.25% and its 2-year fixed rates for 90% LTV customers by 0.10%.
Highlights include a rate of 3.39%, fixed for two years with a £345 product fee and 5-year fixed rate of 3.94% which has an £845 product fee.
David Robinson, national intermediary sales manager for Accord Mortgages, said: “We think it is important to ensure that first-time buyers have access to competitive rates, which is why we’ve taken the decision to cut rates for the 90% LTV bracket.
“We hope they will prove popular with brokers with customers who have smaller deposits and are looking for a new mortgage.”