Accord cuts fixed rates and trackers

The new range will launch today and will include the following:

  • Two year fixed at 2.79% with a £995 fee (75% LTV)
  • Five year fixed at 3.84% with a £995 fee (75% LTV)
  • Two year BoE + 1.49% tracker at 1.99% with a £1,995 fee (75% LTV)
The newly re-priced range will also feature products available to those wishing to borrow up to 85% LTV as well as offset versions and a range of fee and incentive options.

Accord’s group intermediary product manager, Steve McAvan, commented: “We’ve listened to broker feedback and we appreciate we are competing in a tough market. As an intermediary lender operating in the market we pride ourselves in being able to adapt quickly to market changes, we are lighter on our feet than many and have taken advantage of this position to react quickly to reductions in swap rates and pass them on to our customers.

“The new range still contains the broad range of products brokers have come to expect from Accord, including offset deals and products designed for those taking their first steps onto the housing ladder, but at an even better rate. We’re giving brokers the option to choose a deal that best suits the needs of their clients and offering some of the best rates on the market.”