Accord Mortgages is reducing rates on its buy-to-let range this week for landlords with smaller deposits.
Changes from the intermediary-only lender apply to all fixed rates at 80% LTV, which fall by 0.10% across the board. Products at lower LTVs are not affected.
Buy-to-let range refresh takes effect Thursday
The range refresh takes effect from 8 am tomorrow, Thursday 6 August, and highlights include:
- a five-year fixed rate at 5.57% (down from 5.67%) for those remortgaging at 80% LTV, which comes with a £995 fee, standard valuation and remortgage legal service
- a two-year fix at 5.81% (down from 5.91%) for house purchasers at 80% LTV, with a £995 fee and standard valuation
- a five-year fixed rate at 5.50% (down from 5.60%) for landlords purchasing a buy-to-let property at 80% LTV, with a £995 fee and standard valuation
“We’re delighted to enhance the competitiveness of our buy-to-let range, particularly for landlords with smaller deposits,” said Jeremy Duncombe, managing director at Accord Mortgages.
“These changes reinforce our commitment to delivering the best possible value and choice for brokers and their landlord clients, helping them to navigate a challenging market with greater confidence.”