Intermediary-only lender Accord Mortgages is making cuts to its buy-to-let (BTL) product range of up to 0.3%.
The lender is offering a discount of up to 0.3% on BTL five-year fixed rate deals, while its BTL two-year fixed rate products are being reduced by up to 0.15%.
Meanwhile, it is discounting BTL three-year fixed rate deals by up to 0.2%.
The range is available from 8am on 19 September .
The reductions include a BTL two-year fixed rate, which is being reduced from 5.25% to 5.09%.
The product is for those with a deposit of at least 20%, and has a free standard valuation as well as a £3,495 fee.
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There is also a BTL three-year fixed rate that is being cut from 4.64% to 4.44% for those remortgaging up to 65% LTV.
It comes with a £995 fee, a free standard valuation and remortgage legal service.
A BTL five-year fixed rate at 4.14% for those looking to remortgage with a 40% deposit is down from 4.44%.
It comes with a £995 fee, a free standard valuation and remortgage legal service.
A separate 60% loan to value (LTV) BTL five-year fixed rate with a higher fee of £1,995 is seeing a rate reduction from 4.34% to 4.04%.
The product is available with £500 cashback, and a free standard valuation.
Aidan Smith, BTL mortgage manager at Accord, said: “We’re so pleased to be able to reduce our rates again, passing on the benefit of more favourable market conditions to brokers and their landlord clients.
“These changes are designed to help a variety of landlord borrowers, from those looking for a shorter fix to those preferring something more long-term, which we hope will be welcome given the challenges faced by this group in recent times.”
Accord Mortgages previously lowered residential mortgage rates by up to 0.35% at the end of August.
Virgin Money cuts resi and BTL rates
Virgin Money is lowering a range of purchase, remortgaeg, BTL and product transfer rates with sub-4% deals available.
On the purchase side, reductions include 0.11% for those with a 5% deposit, with rates starting from 5.03%.
The deal comes with a free valuation and £300 cashback.
There are also selected Fix and Switch rates that will be reduced by up to 0.11%, starting from 4.93%.
Exclusive 80% LTV rates will be cut by up to 0.16%, beginning from 4.12%.
Selected core two, three and five-year rate will fall by up to 0.11%, starting from 3.94%.
A range of shared ownership rates will decrease by up to 0.2%, starting from 4.12%, while five-year Retrofit Boost rates will be reduced by 0.05%, and will be priced from 4.24%.
Selected Own New rates will be reduced by up to 0.1%, beginning from 0.35%.
For those looking at £1m+, rates will go down by up to 0.1%, starting from 4.09%.
Remortgage deals are also being reduced, with exclusive 80% LTV rates being cut by up to 0.1%, beginning from 4.43%.
Five-year Retrofit Boost rates will decrease by 0.05%, and will be priced from 4.24%.
Meanwhile, Virgin Money is also reducing the rates on some BTL products.
Its Fix and Switch rates will fall by up to 0.18%, starting from 4.74%.
Its five-year rates with a 3% fee will be reduced by 0.05%, beginning from 3.8%.
Selected 60% and 75% LTV rates with a 1% fee will be cut by up to 0.17% to 4.17%.
In addition, BTL rates with a £2,195 fee will be reduced by up to 0.1%, starting from 4.02%.
Selected 60% and 75% LTV rates with a £995 fee will decrease by up to 0.13% to 4.27%.
Fee-savers will be reduced by up to 0.08%, with rates starting from 4.5%, while 75% LTV five-year Retrofit Boost rates will be reduced by 0.05% to 4.6%.
On product transfers, Virgin Money is reducing rates by up to 0.06%, starting from 3.85%.
Select buy-to-let product transfer rates will also be lowered by up to 0.13%, starting from 3.99%.
It will also be increasing the rates today from 8pm on its five-year fixed rate BTL product for those with a 20% deposit.
The deal has a £995 fee and the rate is up 0.2% to 5.27%.
For the version of this product that comes with a 1% fee instead, the rate is increasing 0.2% to 5.2%.
