Accord Mortgages has reduced rates across its residential and buy-to-let ranges, with changes taking effect on Thursday, 26 February.
For landlords, the reductions include cuts of up to 0.07% on products at 60%, 65%, and 75% LTV. Highlights of the improved BTL range include:
A two-year fixed rate up to 75% LTV for remortgages at 4.09% (was 4.16%), with a £995 fee, free standard valuation, and remortgage legal service
A two-year fix up to 75% LTV for remortgages at 3.94% (was 4.01%), with a £1,995 fee, free standard valuation, and remortgage legal service
A five-year fix up to 65% LTV for house purchases at 4.08% (was 4.14%), including a £3,495 fee, free standard valuation, and £500 cashback
The lender said the new BTL deals are aimed at landlords with larger deposits, improving value and flexibility for buy-to-let investors.
Aidan Smith, product manager for mortgages at Accord Mortgages, said, “We’re so pleased to make these positive changes, which include passing on notable reductions to residential borrowers with a bigger deposit; and improving our buy-to-let offering for landlords with a larger deposit, ensuring better value across a wide range of options for brokers and their clients.”
Residential borrowers also see reductions, with cuts of up to 0.24% at 75%, 80%, and 85% LTV, and smaller reductions at 90% LTV. Rates at 95% LTV are rising by up to 0.19%. Key products in the residential range include:
Two-year fix up to 85% LTV at 4.24% (was 4.44%), no fee, £300 cashback, and free standard valuation
Three-year remortgage fix up to 75% LTV at 3.98% (was 4.16%), with a £495 fee, free standard valuation, and legal service
Five-year remortgage fix up to 75% LTV at 3.99% (was 4.19%), with a £1,495 fee, free standard valuation, and legal service
Accord said the changes aim to deliver value across both residential and BTL products, giving brokers and their clients a broader selection of competitive options.
