MortgagesSep 22 2014

Accord cuts residential mortgage rates

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Yorkshire Building Society’s intermediary-only lender cut rates on its residential mortgage products by up to 0.25 per cent at 65 per cent, 70 per cent and 75 per cent loan-to-value.

The changes will also see £500 cashback offered on 2-year remortgage and house purchase products at 65 per cent, 70 per cent and 75 per cent LTV.

Accord’s 2-year fixed rate 65 per cent LTV mortgage is reduced by 0.25 per cent to 1.84 per cent with a £845 product fee and there is also a 2-year fixed rate 65 per cent LTV mortgage reduced by 0.1 per cent to 2.19 per cent with a £500 cashback on completion and £845 product fee.

The 2-year fixed rate 70 per cent LTV mortgage is reduced by 0.22 per cent to 1.89 per cent with a £845 product fee and there is a 2-year fixed rate at 70 per cent LTV mortgage reduced by 0.1 per cent to 2.21 per cent with £500 cashback on completion and a £845 product fee.

All other 2-year fixed rate mortgages at 65 per cent, 70 per cent and 75 per cent LTV reduced by 0.1 per cent.

All of the changes will be reflected on the equivalent offset products.

David Robinson, national account manager for Accord Mortgages, said: “Accord Mortgages is constantly striving to offer competitive rates across its product range and we feel that these reductions do just that.

“Our 10-day sales have proven popular in the past with brokers and customers. They give brokers certainty over how long the products are available for in a rapidly changing market and provide the opportunity to proactively approach customers to promote these limited availability products.”