Accord cuts buy-to-let rates by up to 0.58%

Accord Mortgages has reduced rates across its buy-to-let range by up to 0.58%.

Products affected include a variety of initial fixed terms across all LTVs up to 75%.

A five-year fixed rate is now available at 5.45% up to 60% LTV, available for purchase and remortgage with a £2495 fee, free standard valuation and £250 cashback.

Two-year fixed rates have been reduced to 5.64% up to 65% LTV and 5.70% up to 75% LTV, both available for purchase and remortgage with a £1,495 fee, free standard valuation and £150 cashback.

The intermediary-only lender has also introduced a new range of five-year fixed rates with no early repayment charges, with rates starting at 6.26% at 60% LTV with a £2495 fee and free standard valuation for house purchase and remortgage clients.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to be able to offer rate reductions across our range, as well as re-introducing ERC-free products which provide landlords with greater flexibility. We hope the new range will be well received.”