Accord cuts buy-to-let rates by further 0.25%

Accord Mortgages is reducing rates on its buy-to-let product range this week, by as much as 0.25% across all LTVs up to 75%.

Responding to reductions in market interest rates, this is the second time the intermediary-only lender has cut buy-to-let rates this month.

The latest changes include three-and five-year fixes reducing by up to 0.25%, while two-year fixed-rate products are coming down by up to 0.15%. Two-year tracker rates are also reducing by up to 0.15%.

Highlights include a two-year fixed rate at 4.84% up to 60% LTV, which comes with a £1,995 fee, £500 cashback and free standard valuation.

In the lender's buy-to-let remortgage range, a five-year fixed rate at 75% LTV has reduced by 25bps to 4.64% with a £3,495 fee, free valuation and remortgage legal service

Other remortgage reductions include a three-year fix at 4.39% up to 60% LTV with a £3,495 fee and a two-year fix down to 5.19% at 75% LTV with a £995 fee, both with a free valuation and remortgage legal service.

The latest reductions follow Accord cutting rates across its residential range by up to 0.25% yesterday.

Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re taking this latest opportunity to pass on value to borrowers with rate cuts across the range, to ensure they receive the best value possible.

“We’ll continue to closely monitor market trends with a view to further supporting landlords wherever we can.”