Accord Mortgages has announced a fourth round of rate cuts in as many weeks.

The products affected include a variety of the lender’s initial fixed terms across a range of loan-to-values (LTVs) up to 95%.

Among the changes, Accord now has a three-year fixed rate to 85% LTV on offer at 5.35%, which has been cut from 5.80%. The lender also has a five-year fixed rate mortgage to 95% LTV at 5.54%, which is down from 5.88%.

Accord has also expanded its range at 60% LTV, which includes a new five-year product priced at 4.91%.

These latest rate reductions range from 0.05% to 0.45% and are taking effect from Wednesday 30 November at 8am.

Standard Variable Rate (SVR) discounted products have also been reduced by up to 0.10%, and product end dates extended until 30 April to give maximum product term value to brokers and their clients.

Mortgage manager at Accord, Gemma Hyland, commented: “We’ve seen some positive downward movement in market swap rates, and have therefore decided to reduce rates across a variety of LTVs and initial fixed terms, and extend end dates until April, offering brokers and their clients even better choice and value.

“We understand that people are struggling with the pressures of rising costs, as well as higher mortgage interest rates, at the moment. We hope this new range will offer something positive for brokers supporting borrowers who are looking to purchase a home or remortgage.”

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