The rate cut aims to improve Accord's competitive position for straightforward fixed rates as well as self-cert and 100 per cent deals. As usual, existing borrowers can take advantage of a selection of rates at the same price as new borrower products:
• 5.14 per cent - Three-year fixed, 1.5 per cent fee
• 5.49 per cent - Three-year fixed, £795 fee (also available to existing borrowers)
• 6.14 per cent - 100 per cent LTV three-year fixed, £695 fee
• 5.44 per cent - Self-cert three-year fixed, 1.5 per cent fee, 75 per cent LTV
• 5.64 per cent - Five-year fixed, £695 fee (also available to existing borrowers)
Cate Hillis, Accord's head of product development, commented: "We're keen to give intermediaries choice - that's why we're offering a selection of three-year fixed rates to suit a range of client needs. There's a choice of either a 1.5 per cent fee and excellent rate of 5.14 per cent for clients who want to fix their monthly payments low, or they can choose a 5.49 per cent product with a £795 fee.
"We've also improved the price of our five-year fixed rate product to 5.64 per cent. Coupled with enhanced income multiples of up to 5x, we think this product offers outstanding value."
