Mortgage Introducer - Accord Mortgages cuts rates on 10-year fix
Accord Mortgages has reduced the rate of its 10-year fix mortgage at 65% loan-to-value by 0.20%.
Aaron Strutt, product director at Trinity Financial told Mortgage Introducer, said: “I think some brokers want more competitive longer term fixed rates and the lenders that have been offering the cheapest deals have been pretty popular with them.
“I think there’s more of a demand for 10-year fixes and soon brokers may be after 15-year fixes too.
“Accord's ten-year rate is very cheap and matches HSBC and First Direct who are going to be withdrawing some of their rates, though I’m unsure if this includes 10-year fixes. I think on Monday Accord’s rates will near enough be a market leader.”
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