Accord slashes fixed rates by up to 25 basis points – Mortgage Finance Gazette

Accord is slashing chosen residential fixed rates by up to 25 basis points tomorrow.

cutting-interest-rates-620x330.jpg

The largest price reductions can be on its merchandise for debtors with a ten% deposit.

The lender has emailed brokers to allow them to know that it’s making the next price cuts to resi offers for brand spanking new prospects from 8am on Thursday:

75% LTV fixed rates can be decreased by up to 20 bps
80% LTV fixed rates can be decreased by up to 10 bps
85% LTV fixed rates can be decreased by up to 15 bps
90% LTV fixed rates can be decreased by up to 25 bps

Fees on merchandise with no incentives will even be decreased by £500.

The lender can be extending finish dates to 31 October.