Accord changes BTL range

The intermediary-only lender has cut rates across its ERC-free five-year fixed products by up to 50 bps, which are now available at 3.49% at 80% LTV and 2.54% at 75% LTV.

Meanwhile, prices for its fixed-rate options at 60%, 65% and 75% LTV have been increased by up to 30 pbs, 29 bps and 35 bps, respectively.

Simon Garner, BTL mortgage manager at Accord Mortgages, said: “As a result of changing market conditions, we’ve emailed brokers to let them know about some changes we’re making.

“Rates have been increased across the lower LTV ranges, but we’ve been able to reduce some of the ERC-free products to give brokers and their landlord clients better value when choosing a fixed term product that allows penalty-free flexibility, should they need it.”