"We’ll continue to closely watch developments with a view to offering the most cost-effective rates possible going forward."
- Aidan Smith, buy-to-let mortgage manager at Accord
Earlier this month, Accord announced fresh rate reductions on its buy-to-let product range across all loan-to-values up to 75%. Responding to reductions in market interest rates, the intermediary-only lender reduced two-year fixes by 0.15% and three & five-year fixes by 0.1% respectively. Landlord clients preferring a tracker option also enjoyed discounts of up to 0.15% on two-year products at 75% LTV.
At the time. Aidan Smith, buy-to-let mortgage manager at Accord, said “We’re so pleased to respond to market conditions and pass on the benefit of swap rates falling to our brokers and their landlord clients.”
READ MORE: Accord announces further cuts off buy-to-let rates
Today, Accord is reducing its two-year fixed rate by 0.20% (from 4.59%) for remortgage purposes, up to 60% LTV, which comes with a £1,995 fee, free standard valuation, and remortgage legel service free of charge.
A three-year fixed rate at 4.89% is now 4.74% for remortgage, up to 75% LTV with a £995 fee, and a five-year fixed rate has reduced to 4.64% at 75% LTV with a £995 fee, £250 cashback, and free valuation.
Finally, Accord’s five-year fixed rate now sits at 4.24% for remortgage, up to 60% LTV, with a £3,495 fee, free standard valuation, and free remortgage legal service.
“We’re delighted that further market rate volatility has presented us with this additional opportunity to further enhance the value we offer brokers and their landlord clients. They can rest assured that we’ll continue to closely watch developments with a view to offering the most cost-effective rates possible going forward,” Aidan said.
