Accord cuts buy-to-let rates

Accord Mortgages has improved choice and cut rates across its buy-to-let range.

The intermediary-only lender, who recently returned to the buy-to-let market, has introduced a new range of fixed rates at 60% LTV, with a variety of initial fixed terms and rates starting at 5.55% for a five-year fix.

Rates have also been reduced on selected products at 65% and 75% LTV by up to 0.10%, alongside reduced fees.

From 8am on Monday, a range of discounted variable rate products will be added, with two-year terms up to 75% LTV and rates starting from 4.00%.

Highlights of the new range include a three-year fix at 5.99% up to 60% LTV with a £995 fee and a five-year fix at 5.74% (down from 5.84%) up to 65% LTV with a £2,495 fee, both available for purchase and remortgage.

House purchase customers will receive cashback on completion, and those remortgaging can choose between products with cashback or free remortgage legal services. All products benefit from free standard valuation.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re so pleased to be able to offer more choice and better value to meet the needs of brokers and their clients. We’ve also taken the opportunity to revise incentives and review fees. We hope the new range will be welcome.”