Accord cuts buy-to-let rates by up to 0.95%

Accord Mortgages is reducing rates on its buy-to-let product range by up to 0.95%.

The lender is lowering the cost of its five-year fixes by up to 0.95%, while its three-year fixes are coming down by up to 0.70% and two-year products by as much as 0.50%.

The new range will be available from tomorrow, Tuesday 9th January, with highlights including a five-year fixed rate at 4.94%, down from 5.89%, at 80% LTV.

A two-year fix has reduced from 6.14% to 5.64% at 80% LTV and a three-year fix is down by 70bps to 5.29%.

All products come with a £995 fee, free standard valuation and £250 cashback.

As part of the changes, Accord is also extending product end dates to 30th April.

Aidan Smith, buy-to-let mortgage manager at Accord, said: “The markets have responded very positively to pre-Christmas inflation data which showed this key cost index was falling faster than the Government predicted, and the Bank of England’s efforts to control it are working.

“This has given us a welcome opportunity to pass on further value to brokers and their clients through substantial rate cuts across our range, including a market leader and some very competitive other options.

“We will continue to closely monitor market trends with a view to taking all possible opportunities to support brokers and landlords as the year unfolds.”