Accord Mortgages reduced the rates on its high loan-to-value (LTV) products by up to 0.19 percent and increased the maximum loan amount for its LTV products by 90 percent.
The maximum loan size has been increased from £ 600,000 to £ 750,000 and will be available for purchase and remortgage at this LTV. New homes are eligible.
The rates for his two-year fixed rate for buying a 90% LTV home now start at 2.32%.
Accord’s two-year fixed mortgage at 90 percent LTV fell 0.19 percent to 2.24 percent.
Its five-year fixed purchase rate fell from 2.70% to 2.59% while the two-year fixed option fell from 2.34% to 2.22%.
The products have a fee of £ 495, a cashback of £ 500 and a free standard evaluation.
Accord also introduced discounted Standard Variable Rate (SVR) products for mortgages on all LTVs starting at 65%. The reduced two-year rate is available for purchase and re-mortgage with prices starting at 1.19 percent.
The lender also reintroduced loans up to 90% LTV in Northern Ireland, which were previously capped at 85% LTV. This includes new homes.
Nicola Allvarez (on the picture), Accord’s Senior Director Mortgage Proposals, said: “Supporting the change in maximum loan sizes with rate cuts and new discounted SVR options provides brokers with a strong and diverse range of products. competitive to better support customers, especially those requiring higher LTV options.
“With our common sense approach to lending, we’re sure this will be great news for brokers. “