Accord Mortgages is reducing rates on its buy-to-let (BTL) product range by up to 0.20% across all loan-to-values (LTVs) up to 75%.

From tomorrow, the lender’s two-year fixed rate remortgage product at 4.79% will be lowered to 4.59%. It is available up to 60% loan-to-value (LTV) and comes with a £1,995 fee, free standard valuation and free remortgage legal service.

Meanwhile, a three-year fixed rate remortgage product at 4.89% has been reduced to 4.74%. It is available up to 75% LTV and comes with a £995 fee, free standard valuation and free remortgage legal service.

Other highlights of the rate cuts include: • A five-year fixed rate at 4.64% (was 4.79%) to 75% LTV, which comes with a £995 fee, £250 cashback and free standard valuation • A five-year fixed rate at 4.24% (was 4.39%) for remortgage, up to 60% LTV, with a £3,495 fee, free standard valuation and free remortgage legal service.

The lender also reduced its BTL mortgage costs on 8 August.

Accord BTL manager Aidan Smith says: “We’re delighted that further market rate volatility has presented us with this additional opportunity to further enhance the value we offer brokers and their landlord clients.”

“They can rest assured that we’ll continue to closely watch developments with a view to offering the most cost-effective rates possible going forward.”