Accord Mortgages is reducing rates across its buy-to-let range, with changes applying to two-year and five-year fixed products at 60%, 65% and 75% loan-to-value (LTV). The reductions, which take effect from tomorrow, Thursday 14 August, lower rates by 0.06%.
Key products in the refreshed range include:
A five-year fixed rate up to 60% LTV for house purchase, now at 4.06% (previously 4.12%), with a £1,995 fee and free standard valuation.
A two-year fixed rate up to 75% LTV for remortgaging, now at 4.36% (previously 4.42%), with a £995 fee, free standard valuation and remortgage legal service.
A five-year fixed rate up to 60% LTV for remortgaging, now at 4.16% (previously 4.22%), with a £995 fee, free standard valuation and remortgage legal service.
The lender is also extending product end dates to 30 November, which it says will maximise term value for brokers and clients.
“We’re pleased to be able to take the opportunity presented by a drop in swap rates, which allows us to refresh the range and improve the competitiveness of our products, providing better value options for landlord borrowers who might be looking for either a longer or a shorter-term fix,” said Cheryl Bleasdale, mortgage product manager at Accord.
