Accord reduces residential rates across 75% to 85% LTV range

Jessica Bird

May 5, 2020

mortgage rates

Intermediary lending firm Accord Mortgages has reduced selected rates across its 75% to 85% loan-to-value (LTV) range by up to 10 basis points, to support brokers and their clients. 

The revised range for house purchases will include a 2-year fixed rate at 1.75%, previously 1.85%, at 75% LTV and a 5-year fixed rate at 1.86%, previously 1.89%, at 75% LTV.

Both products include a £495 fee, £500 cashback and free valuation.

In addition, the lender is reintroducing cashback on remortgage products at 80% and 85% LTV.

This includes a 2-year fixed rate of 1.87% at 80% LTV, a 2-year fixed rate of 2.06% at 85% LTV and a 5-year fixed rate of 2.13% at 85% LTV.

All of these products include a £495 fee, free valuation and now £500 cashback.

Jemma Anderson, product manager at Accord, said: “We’ve been looking at ways in which we can offer more support to brokers whilst the current lockdown is in place, so we’ve reduced our rates on selected house purchase products.

“We know there is a huge focus on clients who need to remortgage, so we’ve improved the incentives on some of our higher LTV range to offer a more competitive choice of deals.”

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