Lower rates for buy to let borrowers kick in this morning

Accord Mortgages is reducing rates on its buy-to range again, this time by 0.10%.

Changes from the intermediary-only lender apply to two-and five-year fixes, with rates on products at 60%, 65% and 75% loan-to-value (LTV) decreasing by 0.10%.

Highlights of the range refresh, taking effect from 8am today, include:

• A five-year fixed rate up to 60% LTV, available for house purchase, at 4.12% (was 4.22%), which comes with a £1,995 fee, and free standard valuation
• A two-year fix to 75% LTV, available for those remortgaging, at 4.42% (was 4.52%), with a £995 fee, free standard valuation and remortgage legal service
• And a five-year fixed rate up to 60% LTV, available for those remortgaging, at 4.22% (was 4.32%), which comes with a £995 fee, free standard valuation and remortgage legal service.

The lender is also extending end dates to October 31 to maximise product term value for brokers and their clients.

Cheryl Bleasdale, mortgage product manager at Accord, says: “We’re so pleased to take this opportunity, driven by falling swap rates, to reduce rates again on our buy-to-let range, ensuring we offer our landlord clients the best possible value wherever we can.”

This article is taken from Landlord Today