Accord cuts higher LTV residential rates

The current range from the intermediary-only lender will be withdrawn on Sunday 15 August at 8pm and replaced at 9am on Monday 16 August.

Accord cuts higher LTV residential rates

Accord Mortgages is cutting the rates on its 75% loan-to-value (LTV) and above range by up to 0.40%.

Highlights include a fee-free 2-year fixed rate at 2.87% (was 3.27%) at 90% LTV, available for home buyers, which comes with £500 cashback and free standard valuation and a 2-year fixed rate at 3.28% (was 3.56%) at 95% LTV, available for house purchase, which comes with a £495 fee, £500 cashback and free standard valuation.

Additionally, the intermediary-only lender is offering a 1-year fixed rate at 1.91% (was 1.93%) at 80% LTV, available for house purchase and remortgage, which comes with a £995 fee, £1000 cashback and free standard valuation.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “These latest changes offer brokers and their clients better value, especially for those looking to secure a mortgage with a smaller deposit.”

The current range from the intermediary-only lender will be withdrawn on Sunday 15 August at 8pm and replaced at 9am on Monday 16 August.

There are no changes to Help-to-Buy or new build products at 90% LTV, but the lender has reduced cashback on selected products at 90% and 95% LTV.

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