
Accord is cutting rates on its buy-to-let range by up to 38 basis points tomorrow.
The intermediary-only lender is making reductions on a number of 65%, 75% and 80% LTV deals from 8am.
Highlights of the new range, available for both purchase and remortgage, include:
- A two-year fixed rate mortgage at 1.59% (was 1.97%) at 65% LTV, which comes with a £995 fee and free standard valuation
- A three-year fixed rate mortgage at 1.78% (was 2.01%) at 75% LTV, which comes with a £1,495 fee, free standard valuation and £300 cashback
- For landlords purchasing a new property and requiring 80% LTV, Accord will also offer a two-year fix of 3.12% (was 3.42%), which comes with a £995 fee, free standard valuation and £250 cashback.
Two and five-year products at 60% LTV remain unchanged, as do the lender’s three-year products at 80% LTV.
Accord buy-to-let mortgage manager Simon Garner says: “We are confident this new range will be welcomed by brokers looking to offer their landlord clients better value, with reduced rates and a range of incentives including cashback, remortgage legal services and free standard valuation.”