Accord Mortgages is reducing interest rates on its new residential business product range, effective tomorrow.
The range update sees discounts of 0.10% apply to all broker-only lender fixed rate mortgage products available for new business, including £5k deposit mortgages.
The new rate means the five-year fixed rate is 0.10% lower at 5.25% for a 65% LTV remortgage, which comes with a £1,495 fee, a standard valuation and a £500 cashback.
Additionally, the two-year no-fee fix is now 5.90%, down from 6.00% for homebuyers at 90% LTV, which comes with £300 cashback and a standard valuation.
Also, the five-year no-fee fix has dropped by 0.10% to 6.78% for first-time buyers with a £5,000 deposit, which comes with a standard valuation.
Jeremy Duncombe, managing director of Accord Mortgages, says: “We are delighted to be reducing rates across the range, including our innovative £5,000 deposit mortgage, reaffirming our commitment to providing excellent value and helping brokers support the most ambitious homeowners to achieve their dreams.”
