Accord cuts buy-to-let rates by up to 0.30%

Accord Mortgages is reducing rates on selected three-year buy-to-let products by up to 0.30%, with five-year products reducing by up to 0.20% and two-year products decreasing by 0.15%.

The changes follow cuts of up to 0.33% across Accord's residential range two weeks ago.

Accord is also introducing free standard valuations for all products with a £3,495 fee.

Highlights of the new buy-to-let range, available from tomorrow, include a two-year fix at 4.79% up to 60% LTV, which comes with a £3,495 fee.

A three-year remortgage product is reducing from 5.44% to 5.14% at 65% LTV with a £995 fee, free standard valuation and remortgage legal service, while a five-year fixed rate remortgage product at 75% LTV is down to 4.99% with a £1,995 fee, free standard valuation and £250 cashback.

As part of the changes, Accord has also extended product end dates to 31st March.

Aidan Smith, buy-to-let mortgage product manager at Accord, said: “We’re reducing rates in line with a recent drop in market swap rates. As ever, we’re committed to finding ways to help our brokers and their landlord clients benefit from these market fluctuations, wherever we can.

“We’re also really pleased to offer free standard valuations across our higher-fee range, which we expect to appeal to landlords purchasing more expensive properties, to offer them maximum overall value regardless of their product choice.”