Accord Mortgages is reducing rates on its buy-to-let (BTL) product range again this week by up to 0.15% across all loan-to-values (LTVs) up to 75%.
Responding to reductions in market interest rates, latest changes include 2-year fixes reducing by 0.15%, with reductions of up to 0.10% on 3-year and 5-year fixes.
Landlord clients preferring a tracker option are also set to benefit, with discounts of up to 0.15% on 2-year products up to 75% LTV.
The new range is available from 8am tomorrow (Thursday 8th August).
Highlights include a 2-year fix at 4.79% for remortgage clients at 60% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service.
Additional new products include a 2-year fixed rate at 5.04% at 75% LTV, for house purchase and remortgage, with a £995 fee, £250 cashback and free standard valuation, and a 5-year fix at 4.39% for those remortgaging at 60% LTV, with a £3,495 fee, free standard valuation and remortgage legal service.
A new 2-year variable tracker rate is also available at 5.84% (BoE Base rate + 0.84%) at 75% LTV, suitable for house purchase and remortgage clients, with a £995 fee, £250 cashback and free standard valuation.
The intermediary-only lender is also taking the opportunity to extend product end dates until the end of November, to maximise product term value for brokers and their clients.
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.
“Extending product end dates also provides the opportunity for borrowers to take advantage of the best possible product terms.”
