Accord and TMW cut BTL mortgage rates for landlords

Accord Mortgages and The Mortgage Works have announced reductions in their buy to let mortgage rates.

Intermediary-only lender Accord, is lowering rates by 0.10% across its BTL range, affecting two- and five-year fixed products at 60%, 65% and 75% loan-to-value (LTV).

Key offerings include a five-year fixed rate at 4.12% for house purchases up to 60% LTV, down from 4.22%, with a £1,995 fee and free standard valuation.

For those remortgaging, a two-year fix at 4.42% (previously 4.52%) is available at 75% LTV, featuring a £995 fee, free valuation and legal services.

Another option is a five-year fixed rate at 4.22% for remortgages at 60% LTV, reduced from 4.32%, with similar benefits.

Accord has also extended product end dates to 31 October, ensuring longer-term value for brokers and clients.

The lender’s product manager, Cheryl Bleasdale, said: “We’re so pleased to take this opportunity, driven by falling swap rates, to reduce rates again on our buy to let range, ensuring we offer our landlord clients the best possible value wherever we can.”

TMW lowers BTL switching rates

Meanwhile, The Mortgage Works is cutting rates by up to 0.30% on selected buy to let products for existing customers switching deals.

Highlights include a two-year fixed rate at 2.78% with a 3% fee, down by 0.21%, and another at 3.99% with a £1,495 fee, reduced by 0.13%, both are available up to 65% LTV.

A no-fee two-year fixed rate at 4.54%, down by 0.06%, is also offered at the same LTV.

For limited company BTL products, reductions include a two-year fixed rate at 4.04% with a 3% fee, down by 0.10%.

There’s also a five-year fixed rate at 4.69% with a 3% fee, also reduced by 0.10%, both up to 75% LTV.

A two-year fixed rate at 5.14% with a £1,495 fee, cut by 0.20%, rounds out the offerings.

TMW’s senior manager, Joe Avarne, said: “These latest reductions show our ongoing commitment to supporting our landlords.”

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