Accord Mortgages reduces BTL and residential rates

The lender has cut 0.15% off its entire BTL fixed-rate range, while also cutting rates on residential fixed-rate products by between 0.03% and 0.25%.

Highlights of the new BTL mortgage range include:

• a two-year fixed rate at 4.04% (was 4.19%) for remortgage purposes, up to 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal services

• a two-year fix at 4.39% (was 4.54%) for remortgage purposes, up to 75% LTV, with a £1,995 fee, free standard valuation and remortgage legal work

• a five-year fix at 4.89% (was 5.04%) for remortgage purposes, up to 80% LTV, with a £995 fee, free standard valuation and remortgage legal services

Gemma Hyland, product manager for mortgages at Accord Mortgages, said: “This is the latest example of how we are responding to every opportunity to pass on additional value to our customers, and we’re delighted to be able to announce these further price drops.”