Accord is increasing the maximum LTV for its buy-to-let product transfers to 80 per cent as well as reducing rates on a selection of existing offerings.

The new 80 per cent LTV range consists of two-year fixes starting at 2.98 per cent and five-year fixes starting at 3.29 per cent.

Borrowers have a choice of £1,450, £950 and zero fee options.

Additionally, existing PT two- and five-year fixes will be receiving cuts of 0.05 per cent. This brings the two- and five-year fixes with 1,495 fee year fee down to 1.89 per cent and the 2.14 per cent, respectively.

In a note to brokers Accord says that the changes will take place from 6pm on Wednesday 26 August.