Changes to residential mortgage rates

Accord has refreshed its residential mortgage range once more, while equally announcing that its limited time 2 year fixed 90% loan to value (LTV) deal will now remain available until the New Year – so many have the chance to snap up a great deal within the last few weeks of 2015.

As far as the lender’s new range goes, highlighted products include a 65% LTV tracker rate deal which has been reduced by 0.25%. Selected fixed rates at 80% LTV have also been reduced by 0.05%, as well as 95% LTV fixed rate deals seeing the same cut. Fixed rates at 75% LTV have equally been lowered by 0.05%.

Available for a limited time only, 90% LTV 2 year fixed rates have been cut by 0.3% and now start from 2.39%. This comes with no product fee on selected products. Incentives are also available on selected mortgage products.

TSB, on the other hand, has increased interest rates buy up to 0.15% on 3 of its residential mortgages for intermediaries. 2 year fixed and tracker mortgages will be increasing by 0.1% to customers with a 0-60% LTV, while 3 year fixed rate mortgages for customers with up to 75% LTV will increase by 0.15%.

Remortgage rates have also witnessed changes with 2 year fixed deals for up to 60% LTV now ranging from 1.54% to 2.14%, while 3 year deals at 60% stand at 2.04%. Products with a fee of £995 for 60-70% LTV are at 2.29%.

2 year tracker deals for up to 60% LTV are now 1.34% with a £1,995 fee or 1.84% with no fee. 3 year fixed and 2 year fixed deals currently range from 1.34% to 2.29%.

Changes don’t stop there for residential mortgage rates from TSB, with the lender also introducing new rates for homeowners, with 2 year fixed rate deals at 60% LTV now at 1.54% with a £1,995 fee, 1.64% with a £995 fee and 2.04% with no fee at all.

New tracker rates are at 1.34% with a £995 fee or 1.84% whereas 3 year fixed deals are now at 2.04% for 60% LTV products and 2.29% for 60-75% LTVs.

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