Accord Mortgages is set to reduce selected rates across its buy-to-let mortgage range this week.
The range refresh from the intermediary-only lender applies to 2- and 5-year fixes, with rates on products at 60%, 65% and 75% loan-to-value (LTV) decreasing by 0.06%.
Highlights of the new range include a 5-year fixed-rate mortgage up to 60% LTV, available for house purchase, at 4.06% (was 4.12%), with a £1,995 fee, and free standard valuation and a 2-year fix up to 75% LTV, available for those remortgaging, at 4.36% (was 4.42%), which comes with a £995 fee, free standard valuation and remortgage legal service.
In addition, Accord is now also offering a 5-year fix up to 60% LTV, available for those remortgaging at 4.16% (was 4.22%), with a £995 fee, free standard valuation and remortgage legal service.
The lender is also extending end dates to 30th November, to maximise product term value for brokers and their clients.
The rate changes will be available from 8am tomorrow, Thursday 14th August.
Cheryl Bleasdale, mortgage product manager at Accord, said: “We’re pleased to be able to take the opportunity presented by a drop in swap rates, which allows us to refresh the range and improve the competitiveness of our products, providing better value options for landlord borrowers who might be looking for either a longer or a shorter-term fix.”
