Accord lowers buy-to-let mortgage rates

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Accord Mortgages is reducing rates across its buy-to-let product range, as part of a modest repricing aimed at easing financial pressures on landlords.

The lender, part of Yorkshire Building Society, has cut pricing by 0.08% on selected products.

The changes include a range of options for both purchase and remortgage.

Among the revised deals is a three-year fixed-rate product at 60% loan-to-value (LTV) for remortgage, which has fallen from 4.40% to 4.32%. The deal includes a £995 fee, free standard valuation and remortgage legal services.

At the higher end of the LTV spectrum, a two-year fix at 80% LTV for remortgage has also reduced by 0.08%, now priced at 4.87%. The product carries the same £995 fee and benefits as the 60% LTV option.

For landlords seeking to purchase rather than refinance, a three-year fixed rate at 65% LTV is available at 4.42%, down from 4.50%, also with a £995 fee and free standard valuation.

Cheryl Bleasdale, product manager at Accord, said the lender was acting in recognition of the continued financial challenges faced by landlords.

“We’re delighted to be able to seize an opportunity to offer even better value to our landlord clients,” she said.

“We understand the real cost pressures landlords currently face and will continue to do everything we can to help mitigate those wherever possible.”

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