Accord Mortgages is cutting rates on selected buy-to-let remortgage products in its range.
The rate cuts represent as much as 0.12 percentage points at 60% loan to value (LTV) and 0.08 percentage points at 65% LTV.
New deals include a two-year fixed rate remortgage at 1.31% (was 1.43%) for landlords with 40% equity, which comes with a £1,495 completion fee, free standard valuation and either £300 cashback or free remortgage legal services.
There is also a two-year fixed rate remortgage at 1.71% (was 1.79%) for landlords requiring 65% LTV, which comes with a £495 completion fee, free standard valuation and either £250 cashback or free remortgage legal services.
The intermediary-only lender has also improved selected buy-to-let purchase products, with a five-year fixed rate of 1.89% (was 1.90%) now available at 65% LTV. This mortgage comes with a £495 completion fee, £250 cashback and free standard valuation. The same deal is also available to landlords looking to remortgage.
Simon Garner, buy-to-let mortgage manager at Accord, said: “Reducing the rates on these selected products will give brokers and their landlord clients better value. We’re sure they will be a welcome addition to the current competitive market.”
