Accord and Principality cut selected fixed mortgage rates by up to 18bps from 13 August as swap rates drift lower

Accord trimmed residential and buy-to-let fixes by up to 18bps from 8am on 13 August, including a five-year remortgage fix at 5.01% at 65% LTV, while Principality Intermediaries cut across its ranges by up to 0.13% from 9am the same morning. Both moves follow a gentle easing in the swap rates that underpin fixed pricing, extending a run of small downward repricings from mid-sized lenders this week. For buyers and remortgagers this widens the pool of sub-5.1% five-year deals at lower loan-to-values, though the savings are measured in basis points rather than whole percentage points. For sellers the effect is marginal: this is modest easing, not a return to the sub-5% pricing seen in February, with the average two-year fix still around 5.63%.