Accord cuts buy-to-let rates by further 0.20%

Accord Mortgages is reducing rates on its buy-to-let product range by up to 0.20% across all LTVs up to 75%.

The intermediary-only lender is taking the opportunity presented by market rate reductions, having already reduced its buy-to-let mortgage costs two weeks ago. 

For remortgages, a two-year fixed rate has reduced to 4.59% at 60% LTV with a £1,995 fee, while a three-year fix is down to 4.74% at 75% LTV with a £995 fee. Both products come with a free standard valuation and free remortgage legal service.

In Accord's five-year fixed rate range, a purchase product has reduced to 4.64% at 75% LTV with a £995 fee, £250 cashback and free valuation. In addition, a five-year remortgage product has reduced to 4.24% at 60% LTV with a £3,495 fee, free valuation and free remortgage legal service.

Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re delighted that further market rate volatility has presented us with this additional opportunity to further enhance the value we offer brokers and their landlord clients.

“They can rest assured that we’ll continue to closely watch developments with a view to  offering the most cost-effective rates possible going forward.”