Accord Mortgages will cut rates across its buy-to-let range by up to 46 basis points from tomorrow (4 September).
Yorkshire Building Society’s broker-only arm says the reductions mean selected two-year product rates fall by up to 46bps, three-year deals by up to 16bps, and five-year offers by up to 35bps.
Highlights among the lender’s changes include:
* Two-year fixes at 5.64% for house purchases at 60% loan to value
* Two-year fixes at 5.84% for house purchases at 75% LTV.
* Five-year fixes at 5.24% for house purchases at 60% LTV.
* Two-year fixes at 5.44% for house purchase at 75% LTV
The business adds that all of these products come with a £1,995 fee, free standard valuation and £500 cashback.
Accord BTL mortgage product manager Aidan Smith says: “As a leading BTL lender, we remain committed to doing everything we possibly can to support this segment in providing both a vital service to private tenants, and an important prop for the housing market at large.”