The range is available from 8am on 10 November.
Examples of reductions include its two-year fixed purchase rate at 60 per cent loan to value (LTV), which has decreased from 5.54 per cent to 5.24 per cent. It is subject to £1,995 fee, free standard valuation and £500 cashback.
The lender’s five-year fixed remortgage rate at 75 per cent LTV has fallen from 5.54 per cent to 5.29 per cent. It comes with a £995 fee, free standard valuation and free remortgage legal service.
Its five-year fixed remortgage rate at 60 per cent LTV has decreased from 5.24 per cent to 4.99 per cent. The deal comes with a £995 fee, free standard valuation and free remortgage legal service.
Aidan Smith, buy-to-let mortgage manager at Accord, said: “We’re absolutely thrilled to offer even better value to our brokers and their clients, with some very keen rate cuts, including a market-leading product option, in response to changing swap rates and market conditions.
“We pride ourselves on our support for landlords, ensuring our products remain as competitive as possible for them in a fast-changing environment, and this is the latest example of this.”
Landbay lowers rates
Landbay will reduce rates by up to 0.3 per cent for its two and five-year fixed rates, the second major rate reduction in just over a week.
Two-year standard fixed rate mortgages start from 4.39 per cent and two-year like-for-like remortgage products from 4.49 per cent.
Standard five-year fixed rate mortgages are down by 0.1 per cent and start from 4.79 per cent.
Small houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) two-year fixed rates at 75 per cent LTV begin from 4.69 per cent and five-year fixed rates start from 5.59 per cent.
Rob Stanton, business development director at Landbay, said: “The money markets are continuing to see swap rates fall, enabling us to lower our rates accordingly. We always try to be as competitive as we can and these new rates are the lowest they have been in some time, with many under five per cent.
“We are hopeful that the Bank of England will hold steady on base rate with no more increases as inflation continues towards its 2 per cent target. That should mean swap rates will also remain lower and therefore we will be able to drop our rates again in the coming months.”
