Rate cuts announced by another Buy To Let lender

Accord Mortgages is reducing rates on its buy-to-let range this week by 0.08%.

Changes from the intermediary-only lender apply to all five-year fixes up to 75% loan-to-value (LTV), which reduce by 0.08%.  

The lender is also extending product end dates to October 31. 

There are no changes to two-or-three-year rates.

Highlights of the range refresh take effect from 8am today (Thursday, 9 July) and include:

• A five-year fixed rate at 4.87% (was 4.95%) for house purchasers at 75% LTV, which comes with a £995 fee and standard valuation
• A five-year fixed rate at 4.90% (was 4.98%) for those remortgaging at 75% LTV, which comes with a £995 fee, standard valuation and remortgage legal service
• And a five-year fix at 4.71% (was 4.79%) for house purchasers at 60% LTV, with a £995 fee and standard valuation.

Jeremy Duncombe, managing director for Accord Mortgages, says: “We’re so pleased to take this opportunity to improve the competitiveness of our buy-to-let range, ensuring we continue to deliver exceptional value wherever possible to our brokers and their landlord clients”.

This article is taken from Landlord Today