Accord reduces its mortgage rates.
Accord has reduced its mortgage rates across its entire 2 year product range for 75% loan to value.
Two year fixed mortgage rates for those with a 25% deposit have been reduced by 0.2%, and two year tracker rates also for a 25% deposit, have been reduced by 0.1%. These two new products replace previous two year deals offered at 75% loan to value.
A two year fixed rate mortgage for new purchase has also been launched for 75% loan to value that comes with a free valuation and £250 cashback. The same free valuation and cashback deal is also offered on the lender's two year offset tracker.
Accord are one of several lenders such as Barclays and Virgin Money to cut their mortgage rates by 0.1-0.2%.
The move comes after news that both Libor and Swap rates have recently fallen making funding for tracker and fixed rates cheaper.
It is hoped that despite Moody's downgrade of lenders such as HSBC, Barclays and RBS the Government's cash injection of over £100 billion could lead to more rate cuts.
Deal Direct keep up to date on all mortgage market changes and if there is a cheap mortgage deal on offer we know about it.
Our skilled advisers are well placed to source the best offers market wide, so contact us today for an up to date and impartial mortgage market comparison.
For the most competitive mortgage rates on offer contact Deal Direct.
