Accord cut mortgage rates and unveil new deals

Tuesday, 02 July 2013 08:26

Accord Mortgages has launched a series of interest rate cuts on its residential mortgage products of up to 0.35 per cent and has launched a range of new mortgages.

Accord says that it has added 15 new mortgage deals for borrowers with a loan-to-value (LTV) ratio of 80 per cent.

Accord said it had made the decision after noting the popularity of new mortgages for borrowers with a 20 per cent deposit when it conducted a week-long promotional campaign last week.

Accord reports that rates start at just 2.24 per cent on 80 per cent LTV mortgage deals, at just 1.99 per cent for borrowers with a 25 per cent deposit and at 1.94 per cent for 65 per cent LTV borrowers.

Fees range from £345 to £1,845, depending on the rate and mortgage term and benefits such as free valuations, legal assistance and cashback on completion totalling up to £800 is available on selected products.

Jemma Anderson, Accord Mortgages Product Manager, said: "The 80% LTV products we offered during the seven-day promotion were a real hit with brokers and customers so we have brought those in to our standard product range.

"We have also made reductions in rates on mortgages at the 65%, 75% and 80% LTV level and are very competitively positioned across our entire range."


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