Accord Mortgages has reduced rates across its residential and buy-to-let mortgage ranges for the second time in a week.

The intermediary-only lender has lowered fixed rates by up to 10 basis points (bps) on residential products and up to 10bps on buy-to-let mortgages.

The reductions apply to fixed-rate products up to 85% loan-to-value (LTV) for residential borrowers and up to 80% LTV for landlords.

The lender has also extended end dates to 31 May, providing additional value for brokers and their clients.

RESIDENTIAL RATE REDUCTIONS

Among the new residential rates available from 13 February:

• A two-year fix at 4.61%, down from 4.71%, at 75% LTV for house purchases, with a £1,995 fee, £250 cashback, and free standard valuation.
• A two-year fix at 4.91%, down from 4.94%, at 80% LTV for house purchases, with a £495 fee, £500 cashback, and free standard valuation.
• A five-year fix at 4.71%, down from 4.79%, at 85% LTV for remortgages, with a £495 fee, free standard valuation, and a choice of £500 cashback or remortgage legal services.

BUY-TO-LET RATE REDUCTIONS

For buy-to-let borrowers, new rates include:

• A two-year fix at 4.29%, down from 4.39%, at 60% LTV for remortgages, with a £3,495 fee, free standard valuation, and remortgage legal services.
• A two-year fix at 4.64%, down from 4.74%, at 75% LTV for remortgages, with a £1,995 fee, free standard valuation, and remortgage legal services.
• A five-year fix at 5.19%, down from 5.29%, at 80% LTV for remortgages, with a £995 fee, free standard valuation, and remortgage legal services.

Gemma Hyland, mortgage product manager at Accord Mortgages, said the reductions reflect market trends and the lender’s commitment to supporting brokers and their clients.

“We’re pleased to be passing on the benefit of market fluctuations to our brokers and their clients, ensuring we deliver the best possible value we can, and providing options for borrowers, whether they are looking to buy or remortgage their own home, or for a rental property.”