Accord Mortgages is increasing rates on some of its 90 per cent LTV products for purchase and withdrawing a three-year fixed deal.
Rates on 90 per cent products will rise by a maximum of 0.18 per cent, while remortgage specific products at 90 per cent will remain unchanged.
The full details of the increases are as follows:
• Selected 2 year Fixed rates at 90% LTV increased by an average of 0.13%, with the larger loan options available up to £600k being increased by 0.18%
• Selected 5 year Fixed rates will be increased by an average of 0.12%, with the larger loan options available up to £600k being increased by 0.17%
A three-year fixed rate product at 90 per cent LTV with a rate of 2.40 per cent and a £495 product fee will be withdrawn as of this Sunday, 7 June.
Accord product manager Jemma Anderson says: “To make sure we provide the highest possible level of service to brokers we are increasing selected rates at 90 per cent LTV and withdrawing one three year product.
“We always give brokers at least 24 hours’ notice of product withdrawals and in-keeping with this commitment we are receiving applications until 8pm on Sunday 7 June.
“Our product range still remains competitive in the market with a wide selection of products to meet different borrower needs.
“We are confident these changes will ensure we can continue to provide great service with good turnaround times which we hope will be welcomed by brokers working in the current climate.”
