Accord cuts buy-to-let rates by up to 0.28%

Accord Mortgages has announced rate cuts of up to 0.28% across a variety of products within its buy-to let range, taking effect from 8am tomorrow (Wednesday 4 January).

The largest reduction is to a two-year fixed rate remortgage product at 60% LTV, which is now available at 5.42%, with a £995 fee, free standard valuation and £250 cashback.

For purchases, two-year fixed rates now start from 5.70% up to 60% LTV with a £495 fee or 5.95% fee-free, both with free standard valuation and £500 cashback.

A five-year fixed rate remortgage product at 75% LTV has reduced to 5.18% with a £1,995 product fee, £250 cashback and free standard valuation.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re hopeful that the start of the new year might signal a pick-up in market activity as people begin to step back in after the festive break, and having watched and waited for some of the economic volatility we saw towards the end of 2022 to subside.

“We wanted to help this recovery process along, hence why we’re starting the year with our latest product enhancements of several announced recently. As a leading buy-to-let lender, we’ll continue to carefully monitor how things progress during 2023, so that we can help landlords as much as possible.”