Accord cuts buy-to-let rates by up to 0.40%

Accord Mortgages is reducing rates across its buy-to-let range by as much as 0.40%.

From Tuesday 31st October, the lender is reducing selected three-year products at 60% LTV by up to 0.40%, with five-year products also reduced by up to 0.20% at 80% LTV. Two-year products see a reduction of as much as 0.25% at 80% LTV.

Highlights include a three-year fix at 60% LTV, down by 40bps to 5.49% with a £995 fee, free standard valuation and £250 cashback.

A two-year fixed rate remortgage product at 60% LTV has reduced to 5.54% with a £1,995 fee, free standard valuation and remortgage legal service.

In addition, a five-year fix at 65% LTV is lowering to 5.34% with a £995 fee, free standard valuation and remortgage legal service.

The intermediary-only lender has also extended product end dates to 28th February, to offer maximum product term value to brokers and their clients.

Aidan Smith, buy-to-let mortgage product manager at Accord, said: “We’re delighted to be able to reduce selected rates across our buy-to-let product range and help landlords who – we’re acutely aware – are finding things a challenge at the moment.

“We pride ourselves on supporting the buy-to-let sector, and take any opportunity where we can to reduce rates and make our products more competitive for brokers and their landlord clients.”