Accord Mortgages has lowered rates on its buy-to-let (BTL) product range for a second time this week.
Reductions, which are effective tomorrow, have been made by up to 0.15% across all loan-to-values (LTVs) up to 75%.
The latest changes include two-year fixes reducing by 0.15%, with reductions of up to 0.10% on three and five-year fixes.
Landlord clients preferring a tracker option will see discounts of up to 0.15% on two-year products up to 75% LTV.
Highlights of the range include:
• A two-year fix at 4.79% (was 4.94%) for remortgage clients at 60% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service
• A two-year fixed rate at 5.04% (was 5.19%) at 75% LTV, for house purchase and remortgage, which comes with a £995 fee, £250 cashback and free standard valuation
• A five-year fix at 4.39% (was 4.49%) for those remortgaging at 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service
• And a two-year variable tracker rate at 5.84% (BoE Base rate + 0.84%) – was 5.99% – at 75% LTV, suitable for house purchase and remortgage clients, which comes with a £995 fee, £250 cashback and free standard valuation.
The intermediary-only lender has also extended product end dates until the end of November.
Accord BTL mortgage manager Aidan Smith says: “We’re so pleased to respond to market conditions and pass on the benefit of swap rates falling to our brokers and their landlord clients.”