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

Accord is reducing selected two and three-year fixed-rates across its buy-to-let range by up to 0.40%.

A two-year fixed rate at 75% LTV has reduced from 5.14% to 4.89% with a £3,495 fee, while a two-year fix at 60% LTV is down to 5.59% with no fee.

A two-year remortgage product at 75% LTV has reduced by 40bps to 5.79% at 75% LTV with no fee and a three-year fixed rate remortgage product at 60% LTV is now 5.04% with a £995 fee.

All products come with a free standard valuation and legal work for remortgage cases.

Aidan Smith, buy-to-let mortgage manager at Accord, said: “While a degree of ongoing market volatility remains, the general trend is towards stabilisation and settling-out.

“We are pleased to say that this has allowed us to trim selected rates across our buy-to-let range and enhance the value we offer landlords.

“As always, we will continue to closely monitor market conditions for any further opportunities like this.”