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Accord slices BTL rates by up to 0.44%

Accord Buy to Let has announced a series of rate reductions to products within its buy-to-let range by up to 0.44%. 

Accord has cut rates on more than 50 products to offer landlords looking to purchase or remortgage a wider choice of competitive products.

The reductions will be available across a selection of loan-to-values and cover two-, three- and five-year products.

A two-year fixed rate has been reduced from 1.85% to 1.65% for those with a 25% deposit or equity stake and comes with a £1,495 product fee, free standard valuation and the option of £250 cash back or free standard legals.

Additionally, the 60% five-year fix has been reduced from 2.02% to 1.88%. The product comes with £250 cash back, free standard valuation and £1495 product fee.

A five-year fixed rate at 2.1%, down from 2.37%, is now available at 65% LTV with £250 cash back, free standard valuation and £950 product fee. 

Meanwhile, there is a five-year fixed rate at 2.5%, reduced from 2.94%, at 75% LTV with £500 cash back, free standard valuation and £195 product fee

Simon Garner, product manager at Accord Buy To Let, said: “We’ve reviewed our range and made these changes to ensure brokers have the best selection of products to offer clients.

“We’ve recently made a number of positive changes to the Accord Buy to Let offering with criteria changes and improved systems designed to make the application process more efficient, helping us to support more landlords.”

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