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Accord cuts rates for second time in a week

12 February 2025

Accord Mortgages is cutting rates on both its residential and buy-to-let mortgage product range after making reductions just a week ago.

The intermediary-only lender is reducing rates on its residential range by up to 0.10% on fixed-rate products up to 75% and 80% loan-to-value (LTV). Products up to 85% LTV will reduce by up to 0.09%. Accord is also extending end dates to 31 May, to maximise product term value for brokers and their clients.

For landlord borrowers, rates reduce by 0.10% across the range, including on products up to 80% LTV.

Highlights of these latest changes, available from tomorrow (Thursday 13 February) include, for residential borrowers:

A two-year fix at 4.61% (was 4.71%) up to 75% LTV, suitable for house purchase, with a £1,995 fee, £250 cashback and free standard valuation
A two-year fix at 4.91% (was 4.94%) up to 80% LTV, suitable for house purchase, which comes with a £495 fee, £500 cashback, and free standard valuation
And a five-year fixed rate, up to 85% LTV, for those remortgaging, at 4.71% (was 4.79%), with a £495 fee, free standard valuation, and a choice of either £500 cashback or remortgage legal services.

And for buy-to-let clients:

A two-year fixed rate at 4.29% (was 4.39%) for those remortgaging at 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service
A two-year fixed rate at 4.64% (was 4.74%) for those remortgaging at 75% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service
And a five-year fix at 5.19% (was 5.29%) for those remortgaging up to 80% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service.

Gemma Hyland, mortgage product manager, said:

“We’re pleased to be passing on the benefit of market fluctuations to our brokers and their clients, ensuring we deliver the best possible value we can, and providing options for borrowers, whether they are looking to buy or remortgage their own home, or for a rental property.”