Michael Lloyd

January 15, 2020

Accord Mortgages has reduced rates across its 90% and 95% LTV range.

For remortgage customers, as well as rate reductions, cashback on selected 95% LTV products has been increased on both 2 and 5-year fixed rates.

At 95% LTV the 2-year fix with a £495 fee, which previously was offered with £750 cashback, had its rate cut from 3.26% to 3.22%.

Within the same range the 5-year fix with the same £495 fee, which previously came with £500 cashback, saw its rate drop from 3.59% to 3.29%.

At 95% LTV the fee-free 5-year fix which previously came with £500 cashback, saw its rate cut from 3.69% to 3.49%.

All of these products come with a free valuation and free legals and have had their cashback increased to £1,000.

Jemma Anderson, product manager, Accord, said: “Whether you are starting the year with a house purchase, or looking to remortgage an existing property, these changes should offer customers wanting to make the most of their finances in 2020 a range of options.

“We know brokers are looking for additional benefits, so we have improved cashback on selected products.”

At 90% LTV for remortgages, there is a 2-year fix rate at 2.38% with free legals, whereas for purchases there is a 2-year fix at 2.34% cut down from 2.39%.

These products come with a free valuation, £1000 cashback and £495 fee.

For first-time buyers, the 2-year fixed rate at 90% LTV has now been reduced from 2.39% to 2.34%.

This comes with a free valuation, £495 fee and £1,250 cashback.

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