ACCORD REDUCES RESIDENTIAL RATES TO SUPPORT BORROWERS WITH SMALLEST DEPOSITS

01 October 2025

Accord Mortgages is making positive changes this week to its residential range, effective tomorrow (Thursday 2 October).

The intermediary-only lender has taken the opportunity presented by continued stability in the market to reduce rates across the range, with the biggest discounts on products available to borrowers with only a 5% deposit.

The changes see two-and five-year fixes reducing by up to 0.10%, with three-year fixes reducing by up to 0.14%, and highlights of the new range include:

• A fee-free two-year fixed rate at 5.44% (was 5.54%) for house purchasers at 95% loan-to-value (LTV), which comes with £300 cashback and free standard valuation
• A three-year fix at 5.30% (was 5.44%) for house purchasers at 95% LTV, which comes with a £995 fee and free standard valuation.

The reductions also include the lender’s innovative £5K Deposit Mortgage, aimed at helping first-time buyers to overcome the biggest barrier to homeownership – raising a large enough deposit – by enabling them to buy a property worth up to £500,000 with a deposit of just £5,000. First-time buyers taking advantage of this deal can now benefit from a fee-free five-year fix at a rate of just 5.39% (was 5.49%) with free standard valuation.

Accord has also extended product end dates to 31 January, to maximise product term value for brokers and their clients.

Aidan Smith, product manager for mortgages at Accord Mortgages, said:

“We’re always looking for ways to improve the value we offer to our brokers and their clients, which is why I’m delighted to introduce this range refresh, especially focussing on the help we can offer to borrowers with the lowest deposit, who may be looking to get onto the property ladder for the first-time.”