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Accord cuts rates by up to 0.25%

Jake Carter

July 16, 2021

cut rates rate

Accord Mortgages is set to reduce rates by up to 0.25% on selected products at 80% loan-to-value (LTV) and above, as well as increase cashback on selected products.

Highlights of the improved range include a 2-year fixed rate at 1.93% (was 1.97%) at 80% LTV, available for both house purchases and remortgage, which comes with a £995 fee, £1,000 cashback and free standard valuation.

A 2-year fixed rate at 2.27% (was 2.34%) at 85% LTV, available for house purchase and remortgage, which comes with a £995 fee, £1000 cashback and free standard valuation.

A 3-year fixed rate at 3.13% (was 3.38%) at 90% LTV, available for remortgage clients, which comes with a £495 fee, £750 cashback, free remortgage legal service and free standard valuation.

And a 5-year fixed rate at 3.16% (was 3.32%) at 90% LTV, available for house purchase, which comes with a £495 fee, £1,000 cashback and free standard valuation.

Clients wishing to purchase a home with a 5% deposit also have access to deals including a 2-year fix at 3.56% (was 3.69%), which comes with a £495 fee, £1000 cashback and free standard valuation.

All products at 75% LTV remain unchanged, as do all Help to Buy and new-build products at 90% LTV.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’re committed to supporting the market, and hope these latest changes offer brokers and their clients better value, especially for those looking to secure a mortgage with a smaller deposit.”


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