Accord Mortgages is set to reduce rates on its buy-to-let product range for the second time this month, with cuts of up to 0.20% across all loan-to-values (LTVs) up to 75%.

These reductions follow a previous rate drop on 8th August, taking advantage of ongoing market rate changes.

The new rates will be available from 8 am on Thursday, 22nd August. Key highlights include a 2-year fixed rate at 4.59% (previously 4.79%) for remortgage purposes up to 60% LTV, a 3-year fixed rate at 4.74% (previously 4.89%) for remortgage up to 75% LTV, and a 5-year fixed rate at 4.64% (previously 4.79%) for remortgage up to 75% LTV.

Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re delighted that further market rate volatility has presented us with this additional opportunity to further enhance the value we offer brokers and their landlord clients.

“They can rest assured that we’ll continue to closely watch developments with a view to offering the most cost-effective rates possible going forward.”