Accord cuts buy-to-let rates by up to 0.29%

Accord Mortgages is reducing buy-to-let rates across all LTVs by up to 0.29%.

Available from 8am tomorrow, a fee-free five-year fixed rate remortgage product at 75% LTV is reducing to 5.01% with free standard valuation and a choice of £250 cashback or free remortgage legal service

A five-year fix at 75% LTV for both remortgage and house purchase is dropping by 0.25% to 5.31%. This comes with a £1,995 fee, free standard valuation and £250 cashback, as well as no ERCs.

A five-year fix at 60% LTV for remortgage clients is now available at at 4.60% with a £1,995 fee, free standard valuation and a choice of £250 cashback or free remortgage legal service

Finally, a fee-free two–year fix at 60% LTV for house purchase has lowered to 5.61% with free standard valuation and £500 cashback.

In addition, Accord is extending end dates to the 31st August.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to be able to cut rates on our buy-to-let range, during what has been a difficult period for landlords.

“By ensuring our product range remains as competitive as possible, we’re maintaining our support for brokers and their landlord clients in a very fast-changing market.

“These changes also mean that landlords can benefit from even better value, regardless of their equity, as well as being able to choose from a variety of different options, including no initial product fee, cashback, or even products without early repayment charges for those preferring the flexibility this potentially offers.”