Starting today, lender cuts buy to let rates across the board

Accord Mortgages is making cuts across to its buy to let product range this week by up to 0.15%.

These latest reductions from the intermediary-only lender include a discount of as much as 0.15% on two-and-five-year fixed rates. Three-year fixes reduce by up to 0.10%, and for those looking for a two-year tracker option, rates are also reduced by up to 0.15%.

The lender has also reduced fees from £3,495 to £1,995 on selected three-year fixed rates.

The new range is available from today and highlights include:

• A two-year fixed rate at 4.19% (was 4.29%) for those remortgaging up to 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service;

• A three-year fix at 4.59% (was 4.64%) for house purchasers and those remortgaging at 65% LTV, which comes with a £995 fee, £250 cashback and free standard valuation;

• A two-year fixed rate at 4.54% (was 4.64%) for those remortgaging up to 75% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service;

• And a five-year fixed rate at 5.04% (was 5.19%) for those remortgaging up to 80% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service.

Aidan Smith, buy to let mortgage manager at Accord, says: “We’re so pleased to reduce rates across the range, delivering the best possible value to our brokers and their landlord clients.

“These changes are designed to benefit a variety of landlord borrowers, from those looking for a shorter fix to those preferring something longer-term, as well as those who prefer the alternative offered by a tracker option.”

This article is taken from Landlord Today