The lender has also expanded its product range to offer greater choice, as well as increasing cashback on both house purchase and remortgage products.
Accord’s two-year variable rate product is now priced at 4.10% — a decrease of 78 basis points — up to 75% LTV.
The product carries a £995 fee, as well as a free standard valuation and £250 cashback.
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A five-year fixed rate product for both house purchase and remortgaging up to 65% LTV is available at 5.76% — a drop of 59 basis points — with a £1,995 fee, free standard valuation, and £250 cashback.
For remortgaging, Accord has reduced the rate for its five-year fixed rate by 40 basis points to 5.11% up to 60% LTV, which comes with a £1,995 fee, free standard valuation, and £500 cashback.
Simon Garner, BTL mortgage manager at Accord, said: “We’re pleased to offer further rate reductions on our BTL range.
“We’ve also taken the opportunity to review our fees and incentives to offer better choice, and extended end dates to provide brokers and their landlord clients maximum benefit.
“We hope the new range will be well received.”
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