Accord Mortgages is cutting rates again on its residential new business product and product transfer range this week to offer better value to brokers and their clients.
Effective from 8am tomorrow (Friday, 16 October, 2026), the range refresh for new business sees reductions of up to 0.26% on mortgages for borrowers with just a 5% deposit, with products at 90% loan-to-value (LTV) reduced by up to 0.11%, and products at 80% and 85% LTV reduced by up to 0.14%.
The changes also apply to the lender’s innovative 5K Deposit Mortgage, which was specifically designed to offer first-time buyers with just a £5,000 deposit the chance to fulfil their home ownership dreams. Borrowers can benefit from a fee-free five-year fix at 6.58% (was 6.78%) which comes with standard valuation.
For existing customers looking for a product transfer, selected fixed rates reduce by up to 0.05%.
Highlights of the new range include:
- A two-year fixed rate at 6.47% (was 6.73%) for remortgages at 95% LTV, which comes with a £495 fee, standard valuation and remortgage legal service
- A two-year fix at 5.27% (was 5.38%) for those remortgaging at 85% LTV, which comes with a £1495 fee, standard valuation and remortgage legal service
- And for existing customers, a two-year fix up to 65% LTV with a £1495 fee is now 4.91% (was 4.96%). Existing customers who meet eligibility criteria can switch without a valuation, legal work or a credit check.
Jeremy Duncombe, managing director of Accord Mortgages, said: “We’re pleased to be reducing rates again across our range, including on our £5K Deposit Mortgage.
“These changes underline our commitment to providing competitive options, giving brokers more ways to help aspiring homeowners to take that important step on to the property ladder, and offering current homeowners more choice and value.”
