Accord is cutting rates on a number of buy-to-let deals and TSB is trimming prices on some resi and buy-to-let products tomorrow.
At Accord, BTL rates are falling by as much as 25 basis points, while at TSB some rates are dropping by up to 20 bps.
Accord’s rate cuts apply to the following categories of buy-to-let deal, excluding those at 80% LTV:
- Two-year fixed rates and two-year trackers reducing by up to 10-15 bps
- Three-year fixed rates reducing by 25 bps
- Five-year fixed rates reducing by 20-25 bps
Meanwhile, TSB is launching a three-year fixed for first-time buyers, home movers and remortgage borrowers with a £495 fee and rates starting from 4.75%.
The lender is also cutting rates on the following resi deals:
- Five-year fixes for remortgage up to 90% LTV by up to 20 basis points
- Two and five-year fixes for first-time buyers and home movers up to 85% LTV by up to 15 bps
- Three year fixes for FTBs and home movers by up to 10 bps
TSB is making further cuts to selected buy-to-let rates:
- Some two-year fixes for purchase and remortgage down by 10 bps
- Some five-year fixes for purchase and remortgage down by 15 bps
- Some two, three and five-year fixes for product transfer down by 10-15 bps
