Accord cuts buy-to-let rates, adds five year fixes

Intermediary-only lender Accord Buy To Let has cut rates across its mortgage range, targeting landlords who want to remortgage or increase their stock.

For landlords looking to expand their portfolio or to remortgage, 60 per cent LTV two-year fixes now start at 1.67 per cent, with free standard valuation and cashback up to £750 and a product fee of £1,495.

Meanwhile, the 75 per cent LTV two-year fix has had its rate cut by 0.16 per cent to 2.08 per cent. As before it comes with £750 cashback and a free standard valuation, and but will set you back £950 in fees.

The lender has also brought in a 65 per cent LTV five-year fix at 2.09 per cent and a 75 per cent LTV five-year at 2.49 per cent, both with free standard valuation and a £1,995 fee.

On these changes, Accord buy to let commercial manager Chris Maggs says: “Amid economic speculation of a rise in the bank rate in the near future we’ve introduced new mortgages designed to offer landlords longer-term peace of mind until 2023, and have reduced rates across our range to offer competitive options for a range of borrowers.”

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