Accord cuts fixed rates by up to 0.20%

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Accord has cut rates on its 60 and 65 per cent LTV fixed rate buy-to-let loans by up to 0.20 per cent.

The broker-only lender is making the cuts across its two-, three- and five-year fixes.

Accord’s range includes a two-year fix at 1.59 per cent at 60 per cent LTV, available to both remortgaging landlords and those buying additional properties.

The mortgage has a £1,995 product fee.

Accord has also removed the £130 processing fee on all buy-to-let mortgage applications from today onwards.

Accord removed the processing fee for residential mortgage applications in October.

Yorkshire Building Society buy-to-let commercial manager Chris Maggs says: “To reflect the changes we have made to our residential products, we have removed the mortgage application processing fee on all BTL mortgages.

“We hope this will help landlords to limit the upfront costs of getting a mortgage, plus give them the confidence that they won’t have to pay any product fees until the mortgage has completed.”