Accord cuts 90pc LTV rates

Sarah Davidson

June 15, 2015

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.”

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