Accord Mortgages has made rate cuts to its buy-to-let (BTL) product range by 0.08%, effective tomorrow (19 June).

As part of the cuts a three-year fixed-rate mortgage up to 60% loan-to-value (LTV) for remortgage purposes has been lowered from 4.40% to 4.32%. This comes with a £995 fee, free standard valuation and remortgage legal services.

A two-year fixed rate to 80% LTV, also for remortgage has been reduced from 4.95% to 4.87%. This comes with a £995 fee, free standard valuation and remortgage legal services.

And a three-year fixed rate to 65% LTV for house purchase has been trimmed from 4.50% to 4.42%. This comes with a £995 fee and free standard valuation.

Accord product manager Cheryl Bleasdale says: “We’re delighted to be able to seize an opportunity to offer even better value to our landlord clients.”

“We understand the real cost pressures landlords currently face and will continue to do everything we can to help mitigate those wherever possible.”

Elsewhere, Foundation Home Loans has added five limited edition BTL products designed for larger loan sizes.

The new Limited Edition products include the F1 – for landlord borrowers with an almost clean credit history – five-year fix at 5.19%. This comes with a flat fee of £4,995, 75% LTV, and has a minimum loan of £200,000.

It has also added a F1 five-year fix at 4.99% with a flat fee of £7,995, 75% LTV and has a minimum loan of £300,000.

The new F2 – for landlord borrowers financing a more specialist property type – Large HMO two-year fix at 6.34% and the F2 Large HMO five-year fix at 6.14%.

Both come with a flat fee of £4,995, 75% LTV and have a minimum loan of £200,000.

Finally the lender has added a F2 multi unit freehold block (MUFB) five-year fixed at 5.64%, with a flat fee of £4,995, 75% LTV and has a minimum loan of £200,000.

Foundation has also reduced the rate on its existing F1 expat two-year fix by 5 basis points, which is now priced at 6.09% with a 1.50% at 75% LTV.

Foundation Home Loans director of product and marketing Tom Jacob comments: “These new Limited Editions are designed to deliver real value to landlords seeking larger loans, while supporting brokers with options that address the complexity of modern buy to let lending.”

Yesterday, Clydesdale Bank announced rate cuts across multiple ranges including its BTL products.