Accord Mortgages has reduced its residential mortgage rates for the second time in the last two weeks, with cuts of up to 0.25%.
This follows the reductions the lender made to its residential and buy-to-let (BTL) mortgage rates on 3 July, which it said was made possible because of the more stable market.
This week, Accord Mortgages has lowered a five-year fixed rate at 75% loan to value (LTV) for house purchase from 4.95% to 4.8%. This has a £1,995 fee and a free standard valuation.
There is also a three-year fixed remortgage deal at 80% LTV, which has been reduced from 5.43% to 5.38%. This has a £995 fee, free legals and a free standard valuation.
At 90% LTV, there is a five-year fixed deal with a rate of 6.39%, down from 6.64%. This is available for purchase, including against new-build flats, and has a £995 fee, £250 cashback and a free standard valuation.
Gemma Hyland, mortgage product manager at Accord, said: “We’re delighted to be able to further reduce our mortgage rates so soon after our last reduction. There is increased optimism in the market and we’re seeing the return of greater stability in the rate outlook. The prospect of a potential cut to the Bank of England base rate in the near term is sure to be welcomed by borrowers.
“We will continue to carefully monitor market developments for further opportunities to pass on as much value as possible to our borrowers.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
