Accord Mortgages has announced it is reducing rates across its higher LTV ranges by up to 10 basis points to help brokers support their clients with smaller deposits.

The intermediary-only lender has launch the revised residential range today.

At 85% LTV, a two-year fixed rate at 2.93% has been reduced from 3.03%, while a five-year fixed rate at 2.93% is down from 2.99%. The lender has reduced a five-year fixed rate to 3.57% down from 3.61% at 90% LTV.

Accord is also improving the rates on products that are available to those remortgaging, and amongst these changes includes a two-year fixed rate of 2.72%, which is down from 2.82% at 85% LTV. This mortgage is also available for house purchase.

Accord mortgage manager, Jemma Anderson, commented: “We’ve reduced a number of rates across our higher LTV ranges to give brokers more competitive choice for clients with smaller deposits. 

“Brokers will notice both shorter and longer initial deal terms benefit from the changes, and there’s options for both house purchase clients and those looking to remortgage. With a number of incentives remaining on mortgages across the range, we’re confident this revised range will be welcomed.”

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