Another lender cuts rates across its buy to let range

Accord Mortgages is reducing rates across its buy-to-let range this week.

The range refresh from the intermediary-only lender applies to two-and five-year fixes, with rates on products at 60%, 65% and 75% loan-to-value (LTV) decreasing by 0.06%.

Highlights of the new range, available from 8am today, include:

• A five-year fixed-rate mortgage up to 60% LTV, available for house purchase, at 4.06% (was 4.12%), with a £1,995 fee, and free standard valuation
• A two-year fix up to 75% LTV, available for those remortgaging, at 4.36% (was 4.42%), which comes with a £995 fee, free standard valuation and remortgage legal service
• And a five-year fix up to 60% LTV, available for those remortgaging at 4.16% (was 4.22%), with a £995 fee, free standard valuation and remortgage legal service.

The lender is also extending end dates to 30th November, to maximise product term value for brokers and their clients.

Cheryl Bleasdale, mortgage product manager at Accord, says: “We’re pleased to be able to take the opportunity presented by a drop in swap rates, which allows us to refresh the range and improve the competitiveness of our products, providing better value options for landlord borrowers who might be looking for either a longer or a shorter-term fix.”

This article is taken from Landlord Today