Accord Mortgages is cutting rates across its buy-to-let and residential ranges this week, with two-year fixed landlord products falling by up to 0.30% and residential rates reducing by as much as 0.46%.
The buy-to-let changes take effect from 8am today, Friday 5 June, covering two, three and five-year fixed products. Two-year fixes are down by up to 0.30%, three-year deals by up to 0.25% and five-year fixed rates by up to 0.22%.
Buy-to-let highlights include:
- A two-year fix for remortgage customers at 4.87% (previously 5.17%) at 60% LTV, with a £995 fee, free standard valuation and remortgage legal service.
- A five-year fix for remortgages at 4.87% (previously 5.09%) up to 75% LTV, with a £3,495 fee, free standard valuation and remortgage legal service.
- A fee-free two-year fix for house purchasers at 5.32% (previously 5.62%) up to 75% LTV, with free standard valuation.
The residential cuts follow on Monday, 8 June, with reductions across a broad range of LTV bands and terms. Accord has also introduced new products for borrowers remortgaging with a larger deposit, available up to 65% LTV from 4.67%.
Residential highlights include:
- A two-year fixed rate for first-time buyers at 5.17% (previously 5.43%) up to 90% LTV, with a £495 fee, £500 cashback and free standard valuation.
- A two-year fix for remortgage customers at 4.71% (previously 5.17%) up to 75% LTV, with a £1,495 fee, £500 cashback and free standard valuation.
- A five-year fix for house purchasers at 4.69% (previously 5.00%) at 85% LTV, with a £1,495 fee and free standard valuation.
“We’re pleased to take this opportunity to improve the competitiveness of our range across the board, ensuring better value across a wide range of options for brokers and their clients,” said Aidan Smith, mortgage product manager at Accord.
“Whether they are looking to buy or remortgage a home or finance a buy-to-let property, these changes provide greater choice.”