Accord Mortgages cuts resi, remortgage rates by up to 25bps Mortgage Strategy

Img

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.” 


More From Life Style