Accord cuts buy-to-let rates across all LTVs

Accord Mortgages has announced further reductions to its buy-to-let product rates across all LTVs, including cuts of up to 0.24% at 75% LTV.

The new rates follow reductions last week across all buy-to-let LTVs.

The new range is available from Monday 3rd April. A two-year fixed rate remortgage product at 60% LTV has reduced to 4.64% and comes with a £1,995 completion fee, free standard valation and the option of either a free remortgage legal service or £250 cashback.

A two-year fixed rate purchase product at 65% LTV has reduced to 4.76% with a £1,995 fee, free standard valuation and £500 cashback.

In addition, a three-year fix at 75% LTV is now priced at 4.96% and comes with a £995 fee and free standard valuation. Remortgagers also have the option of either £250 cashback or free remortgage legal service; and for house purchasers, the product comes with £250 cashback.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re responding to market conditions to ensure our products remain as competitive as possible in a fast-changing environment.

“This new range has something to offer a wide variety of landlords, and with attractive offerings for both house purchasers and those remortgaging, we hope it will be well received, especially in the current climate, which has been very challenging for those in the private rental sector.”