Accord announces further cuts to residential and buy-to-let rates

Accord Mortgages is cutting rates on both its residential and buy-to-let mortgage product ranges for the second time this month. 
 
The lender is reducing rates across its residential range by up to 0.10% on fixed rate products up to 75% and 80% LTV. Products up to 85% LTV will reduce by up to 0.09%. 

Two-year fixed rate purchase highlights include a 75% LTV product at 4.61% with a £1,995 fee and £250 cashback, and an 80% LTV rate of 4.91% with a £495 fee and £500 cashback. 

A five-year remortgage product is down to 4.71% at 85% LTV with a £495 fee, free standard valuation, and a choice of either £500 cashback or remortgage legal services. 

For landlord borrowers, rates reduce by 0.10% across the range, including on products up to 80% LTV. 
 
Buy-to-let remortgage reductions include two-year fixed rates down to 4.29% at 60% LTV with a £3,495 fee and 4.64% at 75% LTV with a £1,995 fee. A five-year fixed rate remortgage product at 80% LTV has reduced to 5.19% with a £995 fee. All products come with a free standard valuation and remortgage legal service.

Accord is also extending end dates to 31st May, to maximise product term value for brokers and their clients. 

Gemma Hyland, mortgage product manager at Accord, said: “We’re pleased to be passing on the benefit of market fluctuations to our brokers and their clients, ensuring we deliver the best possible value we can, and providing options for borrowers, whether they are looking to buy or remortgage their own home, or for a rental property.”