Accord Mortgages has reduced selected rates across its residential mortgage range, with drops of up to 0.40%.
Three-year fixes have been lowered by 0.34%, five-year fixes by up to 0.18% and two-year trackers by up to 0.23%.
The society has also made smaller increases to a limited number of products to reflect market fluctuations.
A select number of two-year fixes has gone up by up to 0.15%, five-year fixes by up to 0.17%, and 10-year fixes by up to 0.10%.
Product highlights from the new range include: • A three year fixed rate at 4.49% (was 4.69%), for house purchasers, up to 90% LTV, which comes with a £495 fee, a free standard valuation and £300 cashback. • A two-year fixed rate at 4.45% (was 4.55%), for people remortgaging, up to 80% LTV, which comes with a £495 fee, £500 cashback and a free standard valuation. • A two-year fixed rate at 4.40% (was 4.66%), for remortgaging, up to 75% LTV, which comes with no fee, a free standard valuation and remortgage legal work.
Aidan Smith, mortgage product manager at Yorkshire Building Society, said:
Yorkshire Building Society mortgage product manager Aidan Smith states: “Maximising value for our borrowers is always our primary goal and so we’re delighted to be able to make these latest mortgage rate reductions.”
“Although not the only thing that drives mortgage interest rates, the Bank of England’s recent decision to reduce its base rate from 4.25% to 4.00% has opened up fresh opportunities within the market for lenders like us; and we’ll certainly be keeping a lookout for more over the coming weeks.”
Meanwhile, Atom bank has cut rates across its Prime and Near Prime mortgage ranges.
The lender has reduced rates by up to 0.10% on its prime mortgage products, and by up to 0.15% on near prime mortgage products.
Prime mortgage products now start at 4.94%, while near prime rates are available from 5.04%.
Atom bank head of mortgages Richard Harrison says: “I am delighted to announce another raft of rate cuts for both our Prime and Near Prime mortgages. Atom bank is committed to delivering great value to borrowers, even if they have an imperfect credit history, and I’m certain brokers will welcome this latest round of rate cuts.”
