Accord Mortgages will cut rates across its residential mortgage range by between 15 and 25 basis points on Friday (21 April).
The broker-only arm of Yorkshire Building Society says its reductions include:
- A fee-free two-year fixed-rate loan to 90% loan to value at 5.24%, down from 5.44%, available for house purchase, with £250 cashback and a free standard valuation
- A five-year fixed-rate deal to 85% LTV for remortgagers at 4.38%, down from 4.53%, with a free standard valuation, a remortgage legal service and £250 cashback. This carries a £495 product fee.
- And a 60% LTV five-year fixed-rate offer for home buyers at 4.49%, down from 4.64%, with £500 cashback, no fee and a free standard valuation.
Accord Mortgages product manager Gemma Hyland says: “Mortgage pricing continues to be a rollercoaster ride, with market swap rates climbing once again.
“With a view to protecting brokers and their clients from that trend as much as possible, this latest range re-price is an example of how we are doing everything we can to offer them maximum product value, despite such challenging conditions.”