Clydesdale, Accord and Bank of Ireland drop prices Mortgage Finance Gazette

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Accord, Clydesdale Bank and Bank of Ireland are the latest lenders to announce rate cuts this week.

They join NatWest, TSB, Leeds, Mpowered and a host of others that have lowered their prices since Monday.

Tomorrow, Accord will be cutting costs on a range of residential deals for new borrowers:

  • 75%, 80% and 85% LTV fixed rates will be cut by up to 20 basis points 
  • 90% LTV fixed rates will be reduced by up to 14 bps

Clydesdale Bank is making rate cuts to the following product categories tomorrow:

  • In its core resi range, selected two and five-year fixed rates will be reduced by up to 28 bps
  • Exclusive large loan two and five-year fixes will be reduced by up to 22 bps
  • Core buy-to-let fixes will be cut by up to 14 bps
  • New two and five-year products at 80% LTV will start from 4.95%.

Bank of Ireland will also cut rates on a number of products tomorrow.

The full list of products being withdrawn and their replacements is on the lender’s intermediary website now.