Accord Mortgages has made changes to its buy-to-let (BTL) mortgage range, effective today (21 October).

It has introduced a new range of fixed rates at 60% loan-to-value (LTV), with various initial fixed terms, and rates starting at 5.55% for a five-year fix.  

Rates have also been reduced on selected products at 65% and 75% LTV of up to 0.10%, and fees cut. 

In addition to this, a range of discounted variable rate products will be added on 24 October, with two-year terms up to 75% LTV, and rates starting from 4.00%.

The lender will introduce a two-year discounted variable rate of 4.00%, up to 60% LTV, available for both house purchase and remortgage, with a £995 fee, free standard valuation and £150 cashback.

In addition, a three-year fixed rate of 5.99%, up to 60% LTV, available for both house purchase and remortgage will be added, which comes with a £995 fee, free standard valuation and £150 cashback.

There will also be a five-year fixed rate of 5.74% (was 5.84%), up to 65% LTV, available for both house purchase and remortgage, which comes with a £2495 fee, free standard valuation and £250 cashback

Accord says house purchase customers will receive cashback on completion, and those remortgaging can choose between products with cashback or free remortgage legal services. All products come with a free standard valuation. 

Accord BTL manager Simon Garner says: “We’re so pleased to be able to offer more choice and better value to meet the needs of brokers and their clients. We’ve also taken the opportunity to revise incentives and review fees. We hope the new range will be welcome.”