Accord Mortgages will reduce rates across all loan-to-values (LTVs) on its buy-to-let (BTL) range by up to 0.17%.
The changes will come into effect from 27 January at 8am.
As part of the reductions, the lender’s five-year fixed rate has been reduced from 4.97% to 4.82% and is available up to 60% LTV for house purchases. It comes with a £1995 fee, £500 cashback and free standard valuation.
Meanwhile, the two-year fixed has been lowered from 5.07% to 4.90%, up to 60% LTV for remortgage clients. The deal comes with a £1995 fee, £250 cashback and free standard valuation.
The lender will also offer a two-year fix at 5.35% available up to 75% LTV, for house purchase, with a £1495 fee, £500 cashback and free standard valuation.
In addition, there will be a fee-free five-year fix at 5.39%, available up to 75% LTV, for remortgaging, with remortgage legal service and free standard valuation.
Accord BTL mortgage manager Simon Garner says: We’re so pleased to be able to cut buy-to-let rates even further, ensuring our product range remains as competitive as possible for our brokers and their clients in a rapidly changing environment.”
“Cutting rates across LTVs also means landlords can benefit from even better value, regardless of the equity they have, and can choose from a variety of different options, including some with no initial product fee, and others which come with cashback.”