Accord Mortgages is cutting its buy-to-let rates by up to 0.69%, while the intermediary-only lender also trims selected residential pricing. The changes take effect at 8 am on Thursday 22 October.
Reductions on buy-to-let rates start at 0.06%. House purchase rates fall by up to 0.69% at up to 80% LTV, with cuts of up to 0.23% at 75% LTV. For remortgages, rates drop by as much as 0.68% up to 75% LTV and by up to 0.53% at 80% LTV.
Among the buy-to-let rates, a two-year fix for remortgages at 80% LTV falls to 5.89% from 6.42%, with a £995 fee, standard valuation and remortgage legal service. A two-year fix for house purchase at 80% LTV moves to 5.84% from 6.02%, carrying a £995 fee and standard valuation. At 75% LTV, the two-year remortgage fix drops to 5.29% from 5.42%, with a £995 fee, standard valuation and remortgage legal service.
On residential, Accord is trimming selected fixed rates by up to 0.06% across all LTVs A two-year fix for house purchase at 75% LTV falls to 5.16% from 5.22%, with a £1,495 fee and standard valuation.
The changes also cover the £5K Deposit Mortgage, which lets first-time buyers purchase with a £5,000 deposit. Its fee-free five-year fix goes to 6.52% from 6.58%, with standard valuation.
“We’re pleased to make our range even more competitive as part of our commitment to delivering the best possible value for brokers and their clients, whether they’re buying a home, remortgaging or financing a buy-to-let property,” said Jeremy Duncombe, managing director of Accord Mortgages.
