Accord cuts host of fixed product rates

Accord Buy To Let has cut a series of mortgage product rates across its two- and five-year ranges and introduced a new three-year fix.

The 60 per cent LTV five-year fix, available for remortgage or purchase, has received the most significant cut, from 2.35 per cent to 2.22 per cent. It comes with a £950 product fee.

In addition to cutting its five-year rates, the lender has reduced its 75 per cent LTV two-year fix to 1.58 per cent. This product comes with a £1,995 product fee.

The new 60 per cent LTV three-year fix, meanwhile, has no product fee and comes in at 2.45 per cent.

The lender has also sliced tracker mortgages rates by 0.30 per cent.

Accord mortgage product manager Toni Roberts says: “Uncertainty surrounding the wider economy and bank rates has meant brokers are telling us that landlords are keen to fix their repayments for longer.

“That’s why we’ve… reduced all of our five-year fixed rate products.”

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