Accord Mortgages has made further reductions to its residential mortgage rates, making this the third round of cuts in a fortnight.
The lender is lowering pricing by as much as 0.2% on its residential products up to 90% loan to value (LTV).
This includes a five-year fix at 75% LTV for house purchase, which has been cut from 4.87% to 4.67%. This has a £995 fee.
Accord Mortgages has also reduced pricing on a two-year fixed purchase deal at 80% LTV, from 5.52% to 5.32%. This has a £995 fee, a £250 cashback incentive and a free standard valuation.
There is also a two-year fix at 90% LTV, for remortgage, which has been cut from 5.89% to 5.77%. This has a £995 fee, free remortgage legal work and a free standard valuation.
Gemma Hyland, mortgage product manager for Accord Mortgages, said: “We’re delighted to be able to reduce rates across our product range yet again, as we continue to strive to offer the best value possible to borrowers.
“We’ll continue to closely monitor market trends with a view to eyeing further such opportunities.”
Accord Mortgages lowered residential and buy-to-let (BTL) mortgage rates at the start of the month, saying the stable market enabled it to reduce pricing. Last week, the lender made more reductions to its range.
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
