Accord Mortgages has lowered buy-to-let rates by up to 0.95 per cent, including a market-leading sub-five per cent five-year fixed rate.
The lender is lowering five-year fixed rates by up to 0.95 per cent, its three-year fixed rates by around 0.7 per cent and two-year fixed rates by around 0.5 per cent.
The changes came into force from 8am on 9 January.
Its five-year fixed purchase rate at 80 per cent loan to value (LTV) has fallen from 5.89 per cent to 4.94 per cent.
The lender’s two-year fixed purchase rate at 80 per cent LTV has decreased from 6.14 per cent to 5.64 per cent.
The firm’s three-year fixed purchase rate at 80 per cent LTV has fallen from 5.99 per cent to 5.29 per cent.
All the above products come with a £995 fee, free standard valuation and £250 cashback.
Accord Mortgages: ‘Passing on further value to brokers’
Aidan Smith, buy-to-let mortgage manager at Accord Mortgages, said: “The markets have responded very positively to pre-Christmas inflation data which showed this key cost index was falling faster than the government predicted, and the Bank of England’s efforts to control it are working.
“This has given us a welcome opportunity to pass on further value to brokers and their clients through substantial rate cuts across our range, including a market leader and some very competitive other options.
“We will continue to closely monitor market trends with a view to taking all possible opportunities to support brokers and landlords as the year unfolds.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
