Accord announces new seven-year fix

Accord Mortgages has launched a new seven-year fixed rate product and made a series of rate cuts.

The new product is a 75 per cent LTV seven-year fix at 2.34 per cent. This offering is available for purchase or remortgage and has a £495 completion fee.

In addition, the 75 per cent 10-year fix has been cut from 2.44 per cent to 2.40 per cent. This product has a £495 completion fee and free standard valuations.

The lender has also made a number of reductions to its five-year fixed rate products, including the 80 per cent LTV five-year fix sliced from 2.13 per cent to 2.11 per cent, and the 75 per cent LTV five-year fix from 2.06 per cent to 2.05 per cent.

Accord Mortgages product manager Jemma Anderson says: “With continued economic uncertainty we know from feedback that some borrowers are looking to fix their home loan for longer, so we’ve amended our mortgage range to give brokers and their clients more competitive choice.”

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