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Accord cuts rates and launches fixes

Nia Williams

June 23, 2011

Accord’s 2-year fixes have being cut by up to 0.25% and its 5-year fixed-rate products have been cut by up to 0.45%.

Headline products being launched include 2-year fixed-rate products, available with a £995 fee, at up to 75% LTV with a rate of 2.99% or up to 85% LTV at a rate of 4.09%.

Accord’s 5-year fixed-rate products are available with a £1,995 fee at up to 75% LTV with a rate of 3.99% or up to 85% LTV with a rate of 4.99%.

The products are available with a range of fee and incentive options and offset versions of all products are also available.

Steve McAvan, group intermediary product manager at Accord, said: “We have taken the opportunity to reflect recent activity in swap rates to reduce our fixed-rate offering.

“Our range still features products specifically tailored to an individual borrower’s needs, across a range of loan sizes, providing brokers with a genuine alternative to standard deals without asking them to compromise on rate.”

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