Accord Mortgages has cut a variety of products across its buy-to-let range by up to 28 basis points.  

The intermediary-only lender says highlights of these reductions, which come to market at 8am on 4 January, include:  

• A two-year fixed-rate loan at 5.42%, from 5.70%, up to 60% loan to value, available for remortgage, with a £995 fee, free standard valuation and £250 cashback  
• A two-year fixed-rate product at 5.70% from 5.90%, up to 60% LTV, for house purchase, with a £495 fee, free standard valuation and £500 cashback  
• A two-year fixed-rate mortgage at 5.95% from 6.15%, up to 60% LTV, for house purchase, with no product fee, £500 cashback and free standard valuation  
• And a five-year fixed-rate offer at 5.18% from 5.31%, up to 75% LTV, for remortgage, with a £1,995 product fee, £250 cashback and free standard valuation  

Accord Mortgages BTL mortgage manager Simon Garner says: “We’re hopeful that the start of the new year might signal a pick-up in market activity as people begin to step back in after the festive break, and having watched and waited for some of the economic volatility we saw towards the end of 2022 to subside.  

“We wanted to help this recovery process along, hence why we’re starting the year with our latest product enhancements of several announced recently.”  

The move by the lender is the sixth round of rate cuts in recent weeks, with the most recent coming in late December.   

These cuts come after chancellor Jeremy Hunt calmed international debt markets in October, by largely reversing former chancellor Kwasi Kwarteng’s tax-cutting mini-budget on 23 September, which saw the number of products on the market fall sharply while remaining loan prices jumped. This move was consolidated by the Chancellor in his November Autumn Statement.