Accord Mortgages has cut its mortgages by up to 0.40 percentage points.
The intermediary-only lender has reduced rates across its 60%, 65%, 70% and 75 % loan to value (LTV) buy-to-let ranges.
Incentives include £1,000 cashback on completion or free standard valuations available on selected mortgages.
On the residential side, Accord Mortgages has also cut its two, three and five year fixed-rate mortgages at 75% and 85% LTVs by 0.10 percentage points.
Accord Buy-to-Let’s 60% LTV range has seen two-year fixed rates reduced by 0.20 percentage points, including a 2.74% rate with an £800 product fee and £500 cashback on completion.
The 65% LTV range will see reductions of up to 0.40 percentage points on two-year fixed rate and tracker, three-year fixed rate and five-year fixed rate mortgages, including:
- 2.44% two-year tracker with an £800 fee, free standard valuation and £300 cashback on completion
- 2.69% two year fixed rate with a £1,800 product fee, free standard valuation and £300 cashback on completion
- 3.24% two-year fixed rate with a £195 product fee, free standard valuation and £300 cashback on completion
- 2.59% three-year fixed rate with a £2,495 product fee
Accord Buy-to-Let has reduced 70% LTV products by 0.20 percentage points on two-year fixed rates and 0.30% on five-year fixed rates, including:
- 3.09% two-year fixed rate with an £800 product fee
- 3.29% two-year fixed rate with an £800 product fee, free standard valuation and £300 cashback on completion
- 3.84% five-year fixed rate with an £800 product fee
- 3.94% five-year fixed rate with an £800 fee, free standard valuation and £300 cashback on completion
The 75% LTV range has seen rates cut on two-year fixed rate, two-year tracker, three-year fixed rate and five-year fixed rate mortgages by up to 0.40 percentage points, including:
- 2.59% two-year fixed rate with a £2,495 product fee
- 2.84% two-year tracker rate with an £800 product fee, free standard valuation and £300 cashback on completion
- 3.69% two-year fixed rate with £195 product fee, free standard valuation and £300 cashback on completion
- 2.89% three-year fixed rate with a £2,495 product fee
- 3.79% five-year fixed rate with a £1,800 product fee, free standard valuation and £300 cashback on completion
Jill Evans, managing director at Accord, said: “We’re helping borrowers in the very competitive buy-to-let market with reductions of 0.40% [sic] on selected mortgages.
“We are pleased to launch this new range of products which we believe shows that we are continuing to listen to brokers and offer competitive rates to customers, alongside quality service.”
