Accord cuts rates by up to 0.31%

Jake Carter

September 20, 2021

cut rates

Accord Mortgages has made a series of rate reductions by up to 0.31%, on products available to both home buyers and remortgage clients.

Notable reductions include the lender’s 80% loan-to-value (LTV) 5-year fix, cut from 1.88% to 1.80%, and its 85% LTV 5-year fix, cut from 2.33% to 2.17%.

Both deals include a £995 fee, £1,000 cashback and a free standard valuation.

Home buyers with a 10% deposit also have access to deals including a 3-year fix at 2.43% (was 2.73%), which comes with a £495 fee, £500 cashback and free standard valuation.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’re delighted to launch this new range, including some market-leading products for brokers and their clients looking to take advantage of the current low interest rate environment.

“These changes offer great competitive value, suiting a variety of customer circumstances and borrowing requirements.

“We hope they will be welcomed by brokers and their clients.”

Rachel Springall, finance expert at Moneyfacts, said: “These new deals from Accord Mortgages may well be popular with borrowers looking for competitive fixed rate incentive package with a trusted brand.

“The combination of rate and generous incentive package of cashback and free valuation secures the five-year fixed rate deals market-leading positions on a true cost basis and are a great addition to the mortgage sector.”

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