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Accord cuts up to 0.45% off 85% LTV fixed rates

Accord Mortgages has cut up to 0.45 per cent off its 85 per cent loan-to-value fixed rate deals as part of its new product launch.

Some of the products included in the new range include a two-year fixed rate at 3.74 per cent with a £995 fee, a five-year fixed rate at 4.64 per cent with a £995 fee and a two-year tracker at base rate plus 2.89 per cent with a £995 fee. All products are available up to 85 per cent LTV.

Accord has also cut the rates on its 75 per cent LTV products by up to 0.25 per cent.

Group intermediary product manager Steve McAvan says: “Recent movements in swap rates have given us the opportunity to shave the rates on our fixed rate deals. Our new range still includes offset options, products suitable for first-time buyers and our popular ‘tracker to fixed’ hybrid deals, ensuring we provide brokers with a broad range of competitive products to suit the needs of their clients whilst still providing some of the best rates on the market.”

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