"We’re watching market developments very closely in order to take every opportunity we can to pass value back to borrowers"
- Aidan Smith, product manager for Yorkshire Building Society
Accord Mortgages and Yorkshire Building Society are both reducing rates across their mortgage ranges by up to 0.25%.
The reductions mark Accord's fourth round of rate cuts in the space of a month, with products up to 75% LTV reducing by 0.25%; and those at 80%, 85% and 90% by up to 0.20%.
Highlights include a five-year fixed rate remortgage product at 4.67% up to 75% LTV, which comes with a £1,995 fee, free standard valuation and free remortgage legal service.
In Accord's purchase range, a two-year fix has reduced to 5.17% at 85% LTV with a £995 fee, £250 cashback and free valuation, and a five-year fix at 90% LTV has decreased to 5.07% with no fee and a free valuation.
In Yorkshire Building Society's range, a two-year fixed rate at 75% LTV has reduced to 4.74% with a £495 fee, £250 cashback and free valuation.
In its remortgage range, a two-year fixed rate at 75% LTV has reduced to 4.79% with a £495 fee and £250 cashback, while a five-year fix at 75% LTV is down to 4.39% with a £1,495 fee. Both products come with a free valuation and remortgage legal service.
Gemma Hyland, mortgage product manager for Accord, said: “We’re currently taking every opportunity we can to pass on added value to mortgage customers, and are delighted to announce this fourth rate cut in the space of a month.
“We’ll continue to monitor the market closely for any further opportunities that arise.”
Aidan Smith, product manager for Yorkshire Building Society, added: “We’re delighted to announce that we’ve sharpened our mortgage rates for the second time in the space of a month, and are particularly pleased to include some attractive Best Buy products in our new range.
“We’re watching market developments very closely in order to take every opportunity we can to pass value back to borrowers – understanding the pressures they continue to face due to today’s high-cost environment.”
