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Accord cuts rates on short-term fixes

by Vanya Damyanova
August 21, 2015
Mortgage lending in 2014 at eight-year high
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Accord Mortgages has lowered interest rates on its two- and three-year fixed mortgage range with cashback on completion on selected products.

mortgage, lending, money, house, calculatorThe new offers are available in the 65-80 per cent loan-to-value (LTV) range, Accord, which is part of Yorkshire Building Society Group, said.

Accord Mortgages has also reduced rates on all its two-year fixed rate mortgages at 90 per cent LTV.

Highlights for house purchase customers include:

  • 64% two-year fixed rate mortgage at 65% LTV with an £345 product fee, £250 cashback on completion and free standard valuation
  • 89% two-year fixed rate mortgage at 80% LTV with a £345 product fee, £250 cashback on completion and free standard valuation
  • 99% three-year fixed rate mortgage at 65% LTV with a £845 product fee, £250 cashback on completion and free standard valuation
  • 34% three-fixed rate mortgage at 80% LTV with a £845 product fee, £250 cashback on completion and free standard valuation

Commenting on the rate reduction, David Robinson, national intermediary sales manager at Accord, said:

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“This range of reductions shows that we are dedicated to offering value for money mortgages which appeal to both brokers and borrowers. We hope that the combination of competitive short-term rates, and the added incentive of cashback on completion and free standard valuation will benefit borrowers looking to buy a new home.”

Tags: fixed rate mortgagesmortgage ratesrate cuts
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