Accord announced last week that it was re-entering the consumer buy-to-let market to support those borrowers who let out their sole buy-to-let property where they or their relatives have previously lived.
Rates now start at 1.76%, with a £1,995 product fee, for borrowers looking for a two-year fixed rate remortgage loan at 75% loan-to-value (LTV).
Three other two-year fixed rate remortgage products at 75% LTV have also been cut by 0.20% and come with free legal assistance, free valuation or cashback on completion.
Chris Maggs, Accord buy-to-let’s commercial manager, said: “These 0.20% reductions will give brokers the chance to proactively contact landlords who may be looking to refinance some or all of their mortgage portfolio. With the new taxation rules being phased in earlier this month this is an ideal time for landlords to reassess their financial commitments.”