The changes are effective from 8 am on 5 December.
The lender is also introducing free standard valuations for all products with a £3,495 fee, which is aimed to appeal to landlords wanting to buy more expensive properties.
Landlords will be able to “derive overall value, no matter which of these options they choose”.
Examples of changes include a two-year fixed purchase rate up to 60 per cent loan to value (LTV) which will fall from 4.94 per cent to 4.79 per cent. It comes with a £3,495 fee and now free standard valuation.
Its three-year fixed remortgage rate will be priced at 5.14 per cent, down from 5.44 per cent, up to 65 per cent LTV. It has a £995 fee, free standard valuation and remortgage legal service.
Accord Mortgages five-year fixed remortgage rate will be 4.99 per cent, a decrease from 5.19 per cent, up to 75 per cent LTV. It has a £1,995 fee, free standard valuation and £250 cashback.
The intermediary-only lender has also extended product end dates to 31 March, to “maximise product term value for brokers and their clients”.
Accord: ‘Committed to helping brokers and landlords’
Aidan Smith, buy-to-let mortgage product manager at Accord, said: “We’re reducing rates in line with a recent drop in market swap rates. As ever, we’re committed to finding ways to help our brokers and their landlord clients benefit from these market fluctuations, wherever we can.
“We’re also really pleased to offer free standard valuations across our higher-fee range, which we expect to appeal to landlords purchasing more expensive properties, to offer them maximum overall value regardless of their product choice.”
