Accord, an intermediary-only lender part of Yorkshire Building Society Group, has reduced the rates of mortgages for customers with 10 per cent deposits.
The reduction, of up to 0.25 percentage points, was made on two- and five-year fixed-rate deals at 90 per cent loan-to-value (LTV).
Highlights include a 3.39 per cent two-year fix with a £345 product fee and five-year fixed rate of 3.94 per cent, which has an £845 product fee.
David Robinson, national intermediary sales manager for Accord Mortgages, said:
“We think it is important to ensure that first-time buyers have access to competitive rates, which is why we’ve taken the decision to cut rates for the 90% LTV bracket.
“We hope they will prove popular with brokers with customers who have smaller deposits and are looking for a new mortgage.”
