Accord Mortgages is cutting rates this week on both its residential and BTL product ranges, building on the easing of affordability requirements the lender made just last week.
For its BTL range, the lender’s reductions include decreases of as much as 20bps on up to 80% LTV.
Products up to 65% are also dropping by up to 20bps while those up to 75% will be as much as 22bps lower.
• a five-year fix up to 80% LTV, available for house purchase, at 4.88% (was 5.06%), with a £995 fee and free standard valuation
• a two-year fixed rate to 75% LTV, available for those remortgaging, at 4.18% (was 4.35%), with a £995 fee, free standard valuation and remortgage legal service
• a two-year fix to 60% LTV, available for house purchase, at 3.9% (was 4%), with a £1,995 fee and free standard valuation
“We’re so pleased to be able to make further positive changes to both our residential and BTL ranges, passing on even better value to brokers and their clients,” said Aidan Smith, product manager for mortgages at Accord Mortgages.
