Accord Mortgages is improving its 90% LTV range by reducing product fees to £495 (from £995) and launching a cashback offer of £750.
The intermediary lender is also reducing selected rates across its 75% to 85% LTV range by up to 15 basis points.
The changes come into effect from 9am on Thursday 10 December and will impact products within the new business residential range.
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Cost of borrowing for those with low-deposits increases
Highlights of the new range include a 2-year fixed rate at 3.69% at 90% LTV for both purchase and remortgages.
The product comes with £495 (was £995) completion fee and £750 cash back, free valuation and for remortgage customers, legal fees are also included.
There is also a 2-year fixed rate at 1.84% (was 1.92%) at 75% LTV for remortgage customers.
This product comes with a £495 completion fee, £250 cash back, free legal and valuation.
Jemma Anderson, product manager at Accord, said: “As part of our ongoing monitoring of the market, we have reviewed our rates and made selected reductions on our purchase products and incentives.
“With these updates and improved 90% LTV products we are pleased to offer a comprehensive and competitive range to support brokers and their clients.”
Yorkshire Building Society is also making the same changes to improve its 90% LTV range from tomorrow (Thursday 10 December).