Accord and TMW lower BTL rates

Accord Mortgages has reduced its buy to let rates again – the second rate cut this month.

The intermediary-only lender has lowered rates by up to 0.20% across all loan-to-values (LTVs) up to 75%.

The new range is available now and includes competitive fixed-rate options for both remortgages and new purchases.

The lender’s BTL mortgage manager, Aidan Smith, said: “We’re delighted that further market rate volatility has presented us with this additional opportunity to further enhance the value we offer brokers and their landlord clients.

Reductions in buy to let rates

Meanwhile, The Mortgage Works (TMW) has also announced reductions in its buy to let rates for new customers.

Selected rates have been lowered by up to 0.10 percentage points, with rates starting from 3.49%.

TMW offers a variety of fixed-rate options for both individual landlords and limited companies.

The firm’s senior manager of BTL mortgages, Joe Avarne, said: “The Mortgage Works is committed to providing landlords and brokers a broad range of options to meet their varying needs.

“These latest reductions continue to make The Mortgage Works one of the most competitive providers of buy to let mortgages in the sector with rates starting from 3.49%.”

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