Accord Mortgages has cut its purchases (BTL) product range by up to 0.15%.
These latest intermediary-only lenders reduce discounts up to 0.15% on two- and five-year fixed rates.
The three-year fix has been cut by as much as 0.10%, while the two-year tracker option rate has also been reduced by as much as 0.15%.
The lender also narrowed the selected three-year fixed interest rate to £1,995 from £3,495.
Highlights of the range include a two-year fixed interest rate of 4.19%, below 4.29% of re-offset of 60% LTV, a charge of £3,495, free standard valuation and reverse legal services.
Additionally, there is a three-year fix of 4.59%, down from 4.64% for homebuyers, while a 65% reduction in LTV, which includes a £995 fee, a £250 cashback and a free standard valuation.
Lenders will also offer a two-year fixed interest rate of 4.54%, down from re-cashing 75% LTV with £1,995 fee, free standard valuation and reverse legal services.
The five-year fixed interest rate is 5.04%, down from 5.19% lowering LTV from 80% lower, charging £995, free standard valuation and cashing in legal services.
“We are pleased to lower interest rates across the entire range and bring the best value to our brokers and their landlord clients,” said Aidan Smith, mortgage manager at Accord BTL.
“These changes are designed to benefit a variety of landlord borrowers, from those seeking a shorter fix to those who like things that last long and those who like the alternatives offered by the tracker option.”
Meanwhile, Cumberland-style intermediary Cumberland County has reduced the payment fee for all core holidays from £999 to £299.
This change applies to the lender’s core holiday, and LEVE RANGE scopes the property of the sole trader or partnership entity with a broker who has three or less collateral properties in their ownership of the broker who has a broker who has three or less collateral properties within their ownership.
Reduced fees are designed to make holidays easier for owners to access financing without higher upfront costs.
Senior Sales Manager at Cumberland-style loans Lisa Hodgson commented: “We know cost is a key factor, reducing tax payments in the core range to £299, a direct response to what we see in the market. Keeping upfront costs low costs make refinancing lower, making U.S. refinancing more accessible and allowing holiday investors to manage their investments more efficiently.”
