Accord Mortgages has made changes to its buy-to-let (BTL) range, cutting rates by as much as 0.40%.
Effective from 8am on Tuesday 31st October, the lender reduced selected 3-year products at 60% loan-to-value (LTV) by up to 0.40%, with 5-year products also reduced by up to 0.20% at 80% LTV.
2-year products were reduced by as much as 0.25% at 80% LTV.
The new range includes a 3-year fixed rate at 5.49% at 60% LTV, with a £995 fee, free standard valuation and £250 cashback, and a 2-year fixed rate at 5.54% (was 5.64%) at 60% LTV, with a £1,995 fee, free standard valuation and remortgage legal service.
The intermediary-only lender also extended product end dates to 28th February, to offer maximum product term value to brokers and their clients.
Aidan Smith, buy-to-let mortgage product manager at Accord, said: “We’re delighted to be able to reduce selected rates across our buy-to-let product range and help landlords who – we’re acutely aware – are finding things a challenge at the moment.
“We pride ourselves on supporting the buy-to-let sector, and take any opportunity where we can to reduce rates and make our products more competitive for brokers and their landlord clients.”
