The lender has launched a new five-year fixed rate deal at 4.91%.
“We’ve seen some positive downward movement in market swap rates, and have therefore decided to reduce rates across a variety of LTVs and initial fixed terms”
Accord has introduced its fourth round of rate cuts in as many weeks across a variety of initial fixed terms across a range of LTVs up to 95%.
The lender has also expanded its range at 60% LTV, which includes a new five-year product priced at 4.91%.
The latest rate reductions range from 0.05% to 0.45%.
Highlights include a three-year fix at 85% LTV, now available at 5.35% for remortgaging with a £995 completion fee and £250 cashback.
Five-year fixed rates have reduced to 5.54% at 95% LTV for purchase and 4.91% at 60% LTV for remortgage-only, both available with a £495 completion fee and £250 cashback.
In addition, SVR discounted products have been reduced by up to 0.10% and product end dates extended until 30th April.
Gemma Hyland, mortgage manager at Accord, said: “We’ve seen some positive downward movement in market swap rates, and have therefore decided to reduce rates across a variety of LTVs and initial fixed terms, and extend end dates until April, offering brokers and their clients even better choice and value.
“We understand that people are struggling with the pressures of rising costs, as well as higher mortgage interest rates, at the moment. We hope this new range will offer something positive for brokers supporting borrowers who are looking to purchase a home or remortgage.”
Original Source of Content Credit: Financial Reporter