Accord Mortgages is reducing rates on its buy-to-let product range this week, by as much as 0.25% across all loan-to-values up to 75%.
Responding to reductions in market interest rates, this is the second time the intermediary-only lender has cut buy-to-let rates this month. Three and five-year fixes have been reduced by up to 0.25% and two-year fixes by up to 0.15%. Two-year tracker rates are also reducing by up to 0.15%.
The new range will be available from today and include:
- A three-year fix at 4.39% (was 4.64%) to 60% LTV for remortgage clients, which comes with a £3,495 fee, free standard valuation and remortgage legal service
- A five-year fixed rate at 4.64% (was 4.89%) to 75% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service
- A two-year fix at 5.19% (was 5.34%) for remortgaging to 75% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service
- And a two-year fixed rate at 4.84% (was 4.99%) for house purchase to 60% LTV, which comes with a £1,995 fee, £500 cashback and free standard valuation.
Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re taking this latest opportunity to pass on value to borrowers with rate cuts across the range, to ensure they receive the best value possible.
“We’ll continue to closely monitor market trends with a view to further supporting landlords wherever we can.”
