Accord Mortgages is cutting the rates on its 75% loan-to-value (LTV) and above range by up to 0.40%.
Highlights include a fee-free 2-year fixed rate at 2.87% (was 3.27%) at 90% LTV, available for home buyers, which comes with £500 cashback and free standard valuation and a 2-year fixed rate at 3.28% (was 3.56%) at 95% LTV, available for house purchase, which comes with a £495 fee, £500 cashback and free standard valuation.
Additionally, the intermediary-only lender is offering a 1-year fixed rate at 1.91% (was 1.93%) at 80% LTV, available for house purchase and remortgage, which comes with a £995 fee, £1000 cashback and free standard valuation.
Jemma Anderson, mortgage manager at Accord Mortgages, said: “These latest changes offer brokers and their clients better value, especially for those looking to secure a mortgage with a smaller deposit.”
The current range from the intermediary-only lender will be withdrawn on Sunday 15 August at 8pm and replaced at 9am on Monday 16 August.
There are no changes to Help-to-Buy or new build products at 90% LTV, but the lender has reduced cashback on selected products at 90% and 95% LTV.