Accord Mortgages is launching a new range of discounted standard variable rate (SVR) products for its buy-to-let (BTL) range.
The range launches on 7 October and features 2-year discounted variable rates starting from 1.19% for clients with a 40% deposit.
Landlords with a 35% deposit can benefit from a variable rate of 1.22%, and for those with a smaller deposit, there is a variable rate of 1.34% up to 75% LTV, or 2.99% up to 80% loan-to-value (LTV).
All products come with a £995 product fee and free standard valuation, and are available to both house purchase and remortgage clients.
The intermediary-only lender is also reducing rates across the buy-to-let range, which represent as much as a 0.24% reduction at 75% LTV.
Highlights of the rate cut include a 5-year fixed rate at 3.17% (was 3.29%) up to 80% LTV, available for home buying or remortgaging, which comes with a £995 completion fee, £250 cashback and free standard valuation.
And a 2-year fixed rate at 1.82% (was 2.06%) up to 75% LTV, available for remortgaging, which comes with a £495 completion fee, £250 cashback, free remortgage legal services and free standard valuation.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re delighted to provide these new discounted variable rate products, which offer outstanding value to landlord clients looking to benefit from lower rates and who don’t require the predictability of a fixed monthly payment.
“The rate reduction also offers great value across the range, and should appeal to a wide variety of brokers and their clients looking for the best option to suit their individual requirements.”