Accord slashes rates

Accord says that all products will be withdrawn at close of business on Thursday 4th September and new products will be available from Friday 5th September.

Cate Hillis, Accord Mortgages' Strategic Development Director commented: “We've acted quickly following recent falls in swap rates and we're delighted to be able to offer borrowers these great reductions. Accord continues to offer an extremely competitive range of remortgage products featuring legal fees paid and free valuation - along with the new no product fee option.”

Highlights of the new range are:

· 2 year fixed rates from 5.19%

· 3 and 5 year fixed rates from 5.69%

· Expanded range of remortgage products with legal fees paid, free valuation and no product fee

For borrowers looking to remortgage completely without fees, Accord offers 3 and 5 year fixed rates with no product fee - Accord pays the legal fees and standard valuation (up to £470). There's also an option offering a lower rate but with a product fee of £995.

· Remortgage with £995 product fee - 2 year fixed rate product at 5.69%

· Remortgage with no product fee - 3 and 5 year fixed rate products at 6.19%