Accord Mortgages has cut selected buy-to-let and residential ranges by up to 45 basis points and 30bps, respectively.
The intermediary-only lender says that for residential borrowers there are reductions on two-year fixes of up to 30bps, with three-year fixes discounted by as much as 15bps.
Five-year fixes are reduced by up to 25bps, and, on some products, fees are reduced from £995 to £495.
It adds that the interest rate is also reduced on the intermediary-only lender’s £5K Deposit Mortgage, launched earlier this year for first-time buyers by 5bps to 5.74% for a five-year fix.
For landlord clients, selected three-year products are reduced by as much as 45bps, with two-year fixed rates reducing by up to 35bps. For those looking for a longer initial fixed term, selected five-year fixes are up to 20bps lower.
Highlights of the lender’s cuts, available from tomorrow (5 December), for borrowers purchasing or remortgaging their own home, include:
- A fee-free two-year fix up to 75% LTV at 5.19%, from 5.49%, suitable for those remortgaging, which comes with £500 cashback and free standard valuation
- A fee-free two-year fix at 6.43%, from 6.63%, for those with a 5% deposit who are purchasing a home, with £250 cashback and free standard valuation
Landlord reductions, also from tomorrow, include:
- A two-year fixed rate at 5.54%, from 5.89%, for house purchase up to 80% LTV, which comes with a £995 fee and free standard valuation
- A five-year fix at 4.84%, from 5.04%, for those remortgaging up to 75% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service
The lender will also extend end dates across all products to 31 March.
