Accord cuts buy-to-let rates by up to 0.84%

Accord Mortgages has reduced rates and launched new products across its buy-to-let range, with reductions of up to 0.84% on some five-year fixes.

New products include fee-free two-year fixes starting at 6.80% and new tracker products.

The new range is available from tomorrow and includes a five-year fixed rate remortgage product, which has reduced from 6.97% to 6.13% at 80% LTV. This comes with a £995 completion fee, £250 cashback and free standard valuation.

A new fee-free two-year fixed rate remortgage product has launched at 6.80% up to 60% LTV with a free standard valuation.

A new two-year fix is available at 6.43% up to 60% LTV, which comes with £500 cashback for those purchasing a property, or a choice of £250 cashback or remortgage legal services for those remortgaging. Both products come with a £1,495 fee and free standard valuation.

In addition, a new two-year tracker has launched at 5.22% up to 60% LTV, suitable for both house purchase and remortgage, which comes with a £1,995 completion fee.

The lender has also extended product end dates to 31st October.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re reducing rates on selected products in response to changing swap rates and market conditions, to ensure our products remain as competitive as possible in a fast-changing environment.

“The range has also been broadened to appeal to a wider range of landlords, and we hope it will be well received, especially in the current climate, which has been very challenging for them to date.”