Accord has cut rates on its ten-year fixed mortgages in response to high borrower demand.
The lender’s ten-year fixed rate loan at 65 per cent LTV has now been cut by 0.20 per cent to 2.49 per cent.
The loan is available from 26 March and has a £995 product fee and free standard valuation.
Accord mortgage manage Ben Merritt says: “Borrowers are seeking security during economic and political uncertainty so it’s no surprise that homeowners want to fix for longer.
“Homeowners have been fortunate not to experience a rate rise in almost 10 years, and may have been unsettled last autumn by the first of what is predicted to be many.”
“As applications for 10-year fixes are gaining momentum we have reduced the rate on our decade-long deal which we hope will appeal to brokers who are helping clients to find a competitive long-term option.”
Accord has also cut rates on 27 mortgages across its shorter-term fixed range at 75, 80, 85 and 90 per cent LTV range by up to 0.25 per cent.
