Accord cuts 65pc LTV fixes

Other products include 3-year fixes at 2.14% and 2.24% with an £845 fee, with the latter coming with £250 cashback on completion and a free standard valuation.

David Robinson, national intermediary sales manager at Accord, said: “We think these latest rate reductions will appeal to brokers and borrowers looking for value for money from their fixed rate mortgage.

“Cashback on completion and free standard valuations help borrowers to keep down the upfront costs of taking out a mortgage.

“We are confident the highly competitive rates on offer will make these mortgages appealing to brokers and borrowers.”

The lender’s 65% LTV 5-year fix stands at 2.34% with an £845 fee, while it also offers 2-year fixes at 1.59% and 1.74% with a £345 fee, with the latter product again including cashback and a free standard valuation.

Accord has also cut its 2-year fixes for borrowers looking to remortgage, as to 65% LTV it stands at 1.74%, to 75% LTV it costs 1.79% and to 80% LTV it stands at 1.94%, all with a £345 product fee, free standard valuation and standard legal services.