L&C launches 3-year RESI exclusive product, Accord reduces tax rate by 25bps – Mortgage Strategy
L&C Mortgages has launched an exclusive product line for three years of fixed-rate residential transactions, while Accord Mortgages has lowered its residential and landlord range prices by 25 basis points.
L&C mortgages range from 4.02% to homeowners looking to cash out, and these products also offer free valuations, help with basic legal fees or £250 cash back.
“Reduced cash rates for two years and most of five years,” the lender said. [deals on the] The market, which offers borrowers another option, is uncertain whether it is locked in the short term or medium term. ”
David Hollingworth, deputy director of mortgages at L&C, added: “Volatility in global markets opens up opportunities for lenders to lower fixed rates.
“Although some positive moves have been taken by the buyer, these transactions offer higher prices to those who are closing the current transaction.
“The three-year rate is often overlooked, but for those who are hesitant, it’s a good middle ground.”
Meanwhile, Accord mortgages cut residential fixed volume by 3bps and 25bps while shaving 15bps from its entire purchase fixed rate kit.
Highlights of the Yorkshire Architectural Association’s only broker’s arms include:
- Two-year home purchase restoration procedure is 5.00%, from 5.25%, up to 90% loan to value, no product fees, £300 cash back and free standard valuation
- Three-year home purchase restoration procedure is 4.59% from 4.64% to up to 85% LTV, cost £495, cash back £300 and free standard valuation
BTL highlights include:
- Two years of still-calculated currency fixes were 4.04%, from 4.19%, up to 60% LTV, charged £3,495 fee, free standard valuation and reverse legal services
- Five-year payment currency fix is 4.89%, from 5.04%, up to 80% LTV, fee is £995, free standard valuation and payment legal services
“This is the latest example of how we respond to every opportunity to deliver additional value to our customers, and we are excited to announce these further price drops,” said Gemma Hyland, Mortgages Mortgages Mortgages Mortgages Mortgages Mortgages Mortgages Mortgages.
