Accord cuts five-year fixed BTL rates

The lender has also reduced selected three-year fixes at 60% and 75% LTVs.

Highlights include a 2.89% five-year fix at 60% LTV, available to remortgaging landlords which comes with a £800 fee and the choice of free standard valuation and standard legal fees, or £300 cashback on completion and free standard valuation.

A three-year fix at 2.39% is available to remortgaging landlords with a 40% deposit, and comes with a £800 fee and the choice of free standard valuation and standard legal fees, or £300 cashback on completion and free standard valuation.

Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “The buy-to-let mortgage market is providing landlords with some favourable deals at the moment. The cuts to our fixed-rate mortgages, coupled with some great incentives, make our buy-to-let offerings highly competitive.

“We believe that it’s important to tailor our mortgages around landlords needs, and provide them with good value for money options. We have recently launched a range of tracker mortgages with no early repayment changes to give landlords flexibility should their circumstances change over the next two years.  We hope all our new offerings will appeal to both brokers and landlords looking to get the most from a mortgage.”