From 8am Wednesday 20th September, Accord will reducing and withdrawing rates on selected 2-year, 3-year and 5-year buy-to-let (BTL) products.
The current range will be withdrawn at 10pm today, Tuesday 19th September.
Accord will reduce rates on some 2-year products by up to 0.51%, some 3-year products by up to 0.45%, and some 5-year products by up to 0.25%.
The lender extended its end dates to 31st January.
Some rates are being withdrawn and not replaced, including all products with a £495 product fee, and all those with a £1,495 product fee.
The lender informed brokers that a full mortgage application should be submitted ahead of the withdrawal deadline.
Brokers were urged to submit decisions in principle (DIPs) as soon as possible, as referrals would not be looked at outside of normal office hours.
Nicholas Mendes: “Accord have further reduced their BTL product fixed rates following a previous decrease on the 11th September.
“Its encouraging to see Accords 2 year fixed rates have had the highest decrease percentage which brings them in line with the market.
“Were finally seeing some equally traction with BTL products repricing following TMW and Barclays repricing recently.”
