Accord cuts 2-year fixes

The lender’s 2-year fixes now stand at 2.84% to 90% loan-to-value with a £845 product fee, 3.09% to 90% LTV with no fee and 4.54% to 95% LTV with no fee. The latter two products come with £250 and £750 cashback respectively.

David Robinson, Accord’s national intermediary sales manager, said: “We have always been committed to providing competitive rates for first-time buyers with 5% and 10% deposits, which is demonstrated by our new range.

“We think these latest rate reductions will appeal to brokers and borrowers looking for value for money from their fixed rate mortgage. In addition, the cashback on completion and free standard valuations will help borrowers to keep down the upfront costs of purchasing a home.”