Accord to trim BTL rates by up to 69bps

Accord Mortgages is cutting rates this week across its BTL products by up to 69bps, effective tomorrow.

For landlords seeking a BTL mortgage, reductions start from 6bps, with rates reduced by up to 69bps for house purchase products up to 80% LTV, and up to 23bps at 75% LTV.

For those looking to remortgage, rates are reducing by as much as 68bps up to 75% LTV, with reductions of up to 53bps for those seeking a product at 80% LTV.

As a result, a two-year fixed rate will be available from 5.89% for remortgages at 80% LTV, with a £995 fee, standard valuation and remortgage legal service.

A two-year fix will be available from 5.84% for house purchases at 80% LTV, with a £995 fee, and standard valuation.

And a two-year fix for remortgages at 75% LTV will be available from 5.29%, again with a £995 fee, standard valuation and remortgage legal service.

Rates will also be cut on the lender’s residential products.

“We’re pleased to make our range even more competitive as part of our commitment to delivering the best possible value for brokers and their clients, whether they’re buying a home, remortgaging or financing a BTL property,” said Jeremy Duncombe, managing director of Accord Mortgages.