Accord Buy to Let is reducing five-year fixed rates across its range.
The intermediary-only lender, which is part of Yorkshire Building Society Group, has cut all five-year fixed rates, as well as its two-year fixed rates at 75% loan-to-value.
Tracker mortgages are being reduced by 0.30 percentage points.
Highlights of the new range include a five-year fixed rate at 2.22%. It is available for landlords with a 60% LTV for those either remortgaging or buying a new property, and comes with a £950 product fee.
For landlords with smaller amounts of equity, the lender is offering a two-year fixed rate of 1.58%. The mortgage is available to those with a 25% deposit and comes with a £1,995 product fee.
The lender has also launched a range of three-year fixed rates for landlords with 40% deposits. It is offering a three-year fixed rate at 2.45% with no product fee.
Toni Roberts, Accord Buy to Let’s mortgage product manager, said: “Uncertainty surrounding the wider economy and bank rates has meant brokers are telling us that landlords are keen to fix their repayments for longer.
“That’s why we’ve introduced three competitive three-year fixed rates and reduced all of our five-year fixed rate products. We hope they will prove popular with brokers and landlords.”
