Mortgages  

Accord cuts five-year rates by up to 0.2%

Accord cuts five-year rates by up to 0.2%

Accord Mortgages has reduced its residential five-year fixed rate range by up to 0.2 per cent, with selected products offering £250 cashback on completion and free standard valuation.

The intermediary-only lender, which is part of Yorkshire Building Society Group, launched the new rates for borrowers with deposits from 20-35 per cent today (12 January).

There are reductions of 0.1 per cent on selected mortgages at 65 per cent loan-to-value, with rates, including: a 2.69 per cent five-year fixed rate with an £845 product fee and a 2.79 per cent two-year fixed rate with a £345 product fee.

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At 75 per cent LTV, customers are being offered a 2.79 per cent five-year fixed rate with an £845 product fee and a 2.89 per cent five-year fixed rate with a £345 product fee.

Customers with an 80 per cent LTV can also access rates which have been reduced by 0.2 per cent.

These include: a 2.94 per cent five-year fixed rate with an £845 product fee; a 3.04 per cent two-year fixed rate with an £845 product fee, free standard valuation and £250 cash back on completion; and, a 3.14 per cent five-year fixed rate with a £345 product fee, free standard valuation and £250 cash back on completion.

David Robinson, national intermediary sales manager at Accord Mortgages, said that the new mortgages will appeal particularly to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next five years.

“We believe these changes provide borrowers with a wide range of options and will prove extremely popular with brokers.”

peter.walker@ft.com