Accord cuts residential and buy-to-let rates by up to 0.18%

Accord Mortgages is cutting rates on both its residential and buy-to let product ranges.

Effective from tomorrow, the biggest discounts to the residential range apply to products at 95% LTV, which reduce by 0.18%. Highlights include a two-year fix at 95% LTV, which is now available at 6.15% with a £495 fee and £500 cashback for first-time buyers.

The same reduction will also apply to the lender’s £5K Deposit Mortgage, with a fee-free five-year fix down to 6.34%.

Rates also come down by 0.03% on five-year products at 65% LTV.

For landlords looking for a buy-to-let mortgage at 80% LTV, two-year rates reduce by up to 0.12%, with five-year rates dropping by as much as 0.09%.

At 80% LTV, two-year fixed rates now start from 5.79% for purchase and 5.77% for remortgage, both with a £995 fee and £250 cashback. A five-year fix at 80% LTV has reduced to 5.66% for landlords remortgaging, also with a £995 fee and £250 cashback.

Accord is also extending end dates to February on its buy-to-let range. 

Jeremy Duncombe, managing director of Accord Mortgages, said: “These latest rate cuts will help brokers to help their clients with a smaller deposit to take a step towards home ownership, while providing landlords with more competitive options when buying or remortgaging a buy-to-let property.”