ACCORD REDUCES BUY-TO-LET RATES AGAIN

18 September 2024

Accord Mortgages is taking the opportunity presented by market fluctuations to make further cuts to its buy-to-let product range, this time by up to 0.30%.

These latest reductions from the intermediary-only lender include a discount of up to 0.30% on five-year fixes, with two-year fixes reducing by up to 0.15%. Three-year fixed rates are also being discounted by up to 0.20%.

The new range is available from 8am tomorrow (Thursday 19 September), and highlights include:

• A two-year fixed rate at 5.09% (was 5.24%), suitable for those purchasing a property up to 80% loan-to-value (LTV), which comes with a £3,495 fee and free standard valuation

• A three-year fixed rate at 4.44% (was 4.64%) for those remortgaging up to 65% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service

• A five-year fixed rate at 4.14% (was 4.44%) for those looking to remortgage with a 40% deposit, with a £995 fee, free standard valuation and remortgage legal service

• And a five-year fix at 4.04% (was 4.34%) for house purchases up to 60% LTV, which comes with a £1,995 fee, £500 cashback and free standard valuation.

Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re so pleased to be able to reduce our rates again, passing on the benefit of more favourable market conditions to brokers and their landlord clients.

“These changes are designed to help a variety of landlord borrowers, from those looking for a shorter fix to those preferring something more long-term, which we hope will be welcome given the challenges faced by this group in recent times.”