Accord cuts 5-year fixes

Other 80% LTV products include a 5-year fix at 3.14% with a £345 fee and a 2-year fix at 3.04% with an £845 fee.

Both products, which were also cut by 0.20%, also come with a free standard valuation and £250 cashback on completion.

David Robinson, national intermediary sales manager at Accord Mortgages, said: “We think these new mortgages will appeal particularly to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next five years.

“The rates and incentives are complemented by the high standard of customer service you’d expect from Accord.

“We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”

In terms of Accord’s other products, to 65% LTV 5-year fixes stand at 2.69% with an £845 fee and 2.79% with a £345 fee after being reduced by 0.10%.

Meanwhile to 75% LTV customers can take out a 5-year fix at 2.79% with an £845 fee and a 2-year fix at 2.89% with a £345 fee after a 0.10% reduction.