Accord cuts buy-to-let rates by up to 0.18%

Accord Mortgages has reduced its buy-to-let product rates by up to 0.18%, effective from tomorrow (Friday 20th January).

For remortgages, two-year fixed rates have reduced to 5.24% and five-year fixes to 4.98% at 60% LTV. The two-year fixed rate comes with a £995 fee, £250 cashback and free valuation and the five-year fix offers Accord’s remortgage legal service and a free standard valuation.

A fee-free two-year fixed rate remortgage product is also available at 5.85% up to 65% LTV, with £250 cashback and free valuation.

For purchases, a two-year fixed rate has reduced to 5.57% up to 75% LTV, with a £995 fee, £500 cashback and free valuation.

A five-year fixed rate for purchase and remortgage has been cut to 5.66% at 65% LTV. This rate has no early repayment charges and has a £1,995 fee, £250 cashback and free valuation.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to announce our second buy-to-let rate cut since the beginning of the year.

“As a leading buy-to-let lender, we’re committed to doing all we can to support the landlord sector. As part of this, we continue to closely monitor the buy-to-let market so that we can offer additional value to brokers’ landlord clients.”