Accord Mortgages cuts rates across BTL products

The products that have seen rate reductions include the lender’s two-year fix at 60% LTV available for remortgages purposes, which is now priced at 5.24%.

This option comes with a £995 fee, £250 cashback and free valuation.

Other products which have seen rate cuts include:

• a five-year fix at maximum 60% LTV for remortgages with Accord’s remortgage legal service and a free standard valuation, now available at 4.98%
• a fee-free two-year fix at up to 65% LTV for remortgages, now priced at 5.85% — this includes £250 cashback and free standard valuation
• a two-year fixed-rate option at maximum 75% LTV for house purchases, now offered at 5.57% — inclusive of a £995 fee, £500 cashback and free standard valuation
• a five-year fix at up to 65% LTV for house purchases and remortgages with no ERCs, now priced at 5.66% — this includes a £1995 fee, £250 cashback and free standard valuation

Simon Garner, BTL mortgage manager at Accord, said: “We’re pleased to announce our second BTL rate cut since the beginning of the year.  

“As a leading BTL lender, we’re committed to doing all we can to support the landlord sector — as part of this, we continue to closely monitor the BTLmarket so that we can offer additional value to brokers’ landlord clients.”