Third rate cut in as many weeks for Accord buy-to-let

Accord Mortgages has made changes to its buy-to-let range to offer lower rates to brokers and their clients.

The intermediary-only lender is reducing its rates across all LTVs for the third time this month, including cuts of up to 0.17%.

Highlights of the changes include:

1. A five-year fixed rate at 4.82% (was 4.97%), up to 60% LTV, available for house purchase, which comes with a £1995 fee, £500 cashback and free standard valuation.
2. A two-year fixed rate at 4.90% (was 5.07%), up to 60% LTV, for re-mortgage clients, which comes with a £1995 fee, £250 cashback and free standard valuation.
3. A two-year fix at 5.35% (was 5.38%), up to 75% LTV, for house purchase, with a £1495 fee, £500 cashback and free standard valuation.
4. A fee-free five-year fix at 5.39% (was 5.46%), up to 75% LTV, for re-mortgaging, with re-mortgage legal service and free standard valuation.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re so pleased to be able to cut buy-to-let rates even further, ensuring our product range remains as competitive as possible for our brokers and their clients in a rapidly changing environment.

“Cutting rates across LTVs also means landlords can benefit from even better value, regardless of the equity they have, and can choose from a variety of different options, including some with no initial product fee, and others which come with cashback.”