Accord Mortgages has reduced rates on both its residential and buy-to-let (BTL) ranges.
Effective June 8, various loan-to-value (LTV) products and product terms have been reduced to 0.46%.
Accord has also added new products for borrowers who offer loans with a large deposit of up to 65% LTV, starting from 4.67%.
For home owner customers, as of June 5, two-year fixed BTL products were reduced by 0.30 percent, while the three-year was down by 0.25 percent.
In addition, five-year fixed rates were reduced by a percentage point of up to 0.22%.
Highlights of the revamped range of residential mortgages include a two-year fixed rate, reduced from 5.43% to 5.17% for first-time buyers up to 90% LTV, which comes with a £495 deposit, £500 cash back and standard free valuation.
The reduction includes a two-year fix, reduced from 5.17% to 4.71% for borrowers up to 75% LTV, which comes with £1,495 cash, £500 cash back and a standard free rate and a five-year fix, reduced from 5.00% to 4.69% with £5% mortgages, 8 5% LTVs, 8% of home purchases. fee and standard free rating.
Meanwhile, BTL highlights include a two-year fix, cut from 5.17% to 4.87% for those remortgaging at 60% LTV, which comes with £995 cash, a free standard valuation and mortgage legal service.
In addition, the five-year fixed rate borrower has been cut by 5.09% to 4.87% on a 75% LTV loan, which comes with a £3,495 fee, a free standard valuation and a free mortgage legal service and a free two-year adjustment, down from 5.62% to 5.32% for free home buyers, down from 5.62% to 5.32% of free home buyers. balancing.
Accord mortgage product manager Aidan Smith says: “We’re delighted to take this opportunity to improve the competitiveness of our range, ensuring better value across a range of options for buyers and their customers, whether they’re looking to buy or borrow a home or buy-to-let finance, these changes offer greater choice.”
Elsewhere, The Mortgage Works has reduced rates by up to 0.22% on one-, two- and five-year fixed rate products for new and existing customers, from 5 June.
The reduction will be across the lender’s BTL, buy-to-let, HMO and BTL limited companies.
Mortgage Works’ BTL reduced rates include a five-year fixed rate (only loan with free valuation and free terms) BTL loan rate, reduced from 0.22% to 4.22% with a 3% fee, available up to 65% LTV.
It has also reduced the price on its five-year fixed rate (adjusted for existing customers) BTL mortgage by 0.07% to 4.22% with a 3% down payment, available up to 65% LTV and five-year fixed rate (loan only with free valuation and free rules) BTL mortgage, decided by % 0.29 to % 0.29. Down payment £1,495, available up to 65% LTV.
In addition, the five-year fixed rate (purchase and loan with free valuation) BTL limited company has been cut by 0.18% to 5.49% with no charge, available up to 75% LTV and the two-year fixed rate (existing customer switch) BTL limited company mortgage, reduced by 0.04% to 5.9% for up to £5.9 75% LTV.
And the two-year fixed rate (existing customer switch) BTL limited company loan, down 0.05% to 5.94% with no charge, available up to 75% LTV.
Mortgage Works chief executive Keir Fraser comments: “We are delighted to announce another mortgage rate cut, our third set of cuts in the past month. They reinforce our commitment to supporting both limited company landlords, ensuring that Mortgage Works continues to provide products and standards that put them at the forefront of landlords’ minds.”
