Accord cuts rates

Accord has reduced the rates on its 3 and 5-year fixed rate mortgages by up to 0.30%.

Accord has reduced the rates on its 3 and 5-year fixed rate mortgages by up to 0.30%.

The lender is offering a 3-year fix at 3.29% and a 5-year fix at 3.54% to 75% loan-to-value.

Products come with an £800 product fee and £500 cashback for house purchases, a choice of either free standard valuation and legal fees, or £300 cashback on completion with a free standard valuation for remortgage.

Chris Maggs, Accord’s buy-to-let commercial manager, said: “We are constantly reviewing our buy-to-let mortgages to offer the best fit for landlords, and the reductions on our 3 and 5-year ranges allow brokers to choose the best loan to suit their clients’ requirements.

“We hope the additional incentives will minimise the initial outlay associated with expanding a portfolio or reduce landlords’ outgoings when remortgaging.”