Accord Mortgages has cut interest rates on selected 80 per cent loan to value (LTV) residential mortgages by up to 0.25 per cent.
From now rates within the 80 per cent LTV product range – which includes two, three and five year fixed rate mortgages – will start from 2.29 per cent.
New three-year fixed rate products featuring purchase and remortgage incentives have also been introduced at 75 per cent LTV, with rates starting from 2.59 per cent, to sit alongside existing two and five year fixed rate mortgages.
The new product range from Accord includes:
- 2.29% 80% LTV two year fixed rate with £1,845 completion fee
- 2.49% 80% LTV two year fixed rate with £845 completion fee, free standard valuation and £250 cashback on completion for house purchase customers or free legal assistance for remortgage customers
- 2.59% 75% LTV three year fixed rate with £845 completion fee, free standard valuation and £250 cashback on completion for house purchase customers or free legal assistance for remortgage customers
Rates on 80 per cent LTV three year fixed rate mortgages begin at 2.69 per cent and at 3.24 per cent on five year products.
Offset variants of all 80 per cent LTV products are available at 0.20 per cent more than their non-offset equivalents.
Jemma Anderson, Accord Mortgages Product Manager, said: “These rate reductions at 80 per cent LTV, as well as our new three year 75 per cent LTV products, reflect our ambition to always provide competitive products that meet a wide range of needs for our customers.”
