Accord has reduced rates on its two- and three-year buy-to-let (BTL) fixed rate products by up to 0.40%.

The lender’s two-year fix for remortgage purposes at 75% loan-to-value (LTV) has been reduced from 6.19% to 5.79%. The product comes with no fee, free standard valuation and free remortgage legal work.

Meanwhile, the rate of its two-year fix at 60% LTV, which comes with no fee, free standard valuation and remortgage legal work has been lowered from 5.94% to 5.59%.

Other rate changes include:

• A three-year fixed rate at 5.04% (was 5.24%) at 60% LTV for remortgage, which comes with a £995 fee, free standard valuation and remortgage legal work

• A two-year fixed rate at 4.89% (was 5.14%) for house purchase at 75% LTV, which comes with a £3,495 fee and free standard valuation

Accord BTL mortgage manager Aidan Smith says: “While a degree of ongoing market volatility remains, the general trend is towards stabilisation and settling-out. We are pleased to say that this has allowed us to trim selected rates across our buy-to-let range and enhance the value we offer landlords.”