Accord trims buy-to-let rates by up to 10bps

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Accord Mortgages is reducing rates on its buy-to range this week by up to 10bps.

Changes from the intermediary-only lender apply to two-year fixes, with rates on remortgage products up to 75% loan-to-value (LTV) decreasing by 10bps and by 3bps up to 65% LTV.

Highlights of the range refresh take effect from 8am on 27 November and include:

• A two-year fixed rate up to 75% LTV, available for those remortgaging, at 4.08% (was 4.18%), with a £995 fee, free standard valuation and remortgage legal service

• A two-year fix up to 75% LTV, available for those remortgaging, at 3.93% (was 4.03%), which comes with a £1,995 fee, free standard valuation and remortgage legal service

Accord mortgage product manager Cheryl Bleasdale said: “We’re so pleased to take this opportunity, driven by a recent decrease in market interest rates, to further improve the competitiveness of our buy-to-let range, ensuring we continue to deliver exceptional value wherever possible to our brokers and their landlord clients.”

Yesterday Leeds Building Society made rate cuts of up to 35bps across new lending, existing customer and additional borrowing ranges.


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