Accord Mortgages has announced it is reducing interest rates on 24 of its product transfer products by up to 0.10%.

The intermediary lending subsidiary of Yorkshire Building Society said its revised rates will become available from today across its two and five-year terms.

Accord announced some of the highlights of its improved range, which includes a five-year fixed rate at 75% LTV at 2.04% with no fee, which is down from 2.14%, a five-year fixed rate at 75% LTV at 1.78% with a £495 fee, as well as a two-year fixed rate at 65% LTV at 1.43% with a £995 fee.

Accord product manager, Jane Childs, commented: “Now more than ever, homeowners should seek advice when their mortgage term ends. These changes ensure we are offering a competitive product range to brokers, with multiple options to suit different client needs.

“We’ve invested a great deal into getting our product transfer process right, ensuring all communication explicitly directs customers to their broker and having an online system which is simple, efficient and takes just a few minutes to complete.”

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