Accord Mortgages is cutting rates on its buy-to-let range this week, reducing five-year fixed rates by 0.08%.
The changes from the intermediary-only lender apply to all five-year fixes up to 75% loan-to-value (LTV). The lender is also extending product end dates to 31 October, aiming to maximise product term value for brokers and their landlord clients. There are no changes to two or three-year rates.
The range refresh takes effect from 8 am tomorrow, Thursday, 9 July, and includes:
- A five-year fixed rate at 4.87% (down from 4.95%) for house purchasers at 75% LTV, with a £995 fee and standard valuation
- A five-year fixed rate at 4.90% (down from 4.98%) for those remortgaging at 75% LTV, with a £995 fee, standard valuation and remortgage legal service
- A five-year fix at 4.71% (down from 4.79%) for house purchasers at 60% LTV, with a £995 fee and standard valuation
Improving value across the buy-to-let range
Jeremy Duncombe, managing director for Accord Mortgages, said the lender was pleased to improve the competitiveness of its range. "We're so pleased to take this opportunity to improve the competitiveness of our buy-to-let range, ensuring we continue to deliver exceptional value wherever possible to our brokers and their landlord clients," he said.
