Accord has reduced rates on 21 mortgages by up to 0.23% and is now offering a fee-free 3.99% 2-year fixed rate mortgage at 95% loan-to-value.
In addition, Accord has almost halved the product fee on its 3.65% 2-year 95% LTV fixto £495. Both house purchase deals come with a £500 cashback on completion and free standard valuation.
Jemma Anderson, mortgage manager at Accord, said: “We’ve aimed to offer a combination of competitive rates and a choice of additional incentives which we hope will appeal to a range of different customers. Cashback is always a popular choice with borrowers.
“However we’ve received feedback that brokers placing cases with us are having positive experiences with our free legal service partners, which is pleasing.
“Therefore to maximise keeping costs low for borrowers we’ve tried to include a hat-trick of incentives on 95% of this new range – including free legals.”
Remortgaging customers with a larger deposit can take out a 1.70% 2-year fix at 75% LTV which has a £495 fee. It also has a £250 cashback on completion and free standard valuation and no legal fees.
For those who do not want to pay a product fee there is a 2-year remortgage deal at 2.11%. This fee-free mortgage at 80% LTV has a £250 cashback on completion and free standard valuation and no legal fees.