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Accord Mortgages cuts rates by up to 0.35%

Accord Mortgages is to reduce its fixed rate mortgages by up to 0.3 per cent and its tracker deals by up to 0.35 per cent.

The revamped range will include a two-year fixed rate mortgage at 2.79 per cent up to 75 per cent loan-to-value, a five-year fixed at 3.84 per cent up to 75 per cent LTV and a two-year tracker at base rate plus 1.49 per cent up to 75 per cent LTV. There is a £995 fee for the fixed rate deals and a £1,995 fee for the tracker.

It will also include products up to 85 per cent LTV as well as offset versions and a range of fee options.

The lender, which is the intermediary arm of Yorkshire Building Society, says it is able to reduce the rates on its products due to a reduction in swap rates.

Group intermediary product manager Steve McAvan says: “As an intermediary lender operating in the market we pride ourselves in being able to adapt quickly to market changes, we are lighter on our feet than many and have taken advantage of this position to react quickly to reductions in swap rates and pass them on to our customers.”

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