Accord Mortgages has made a number of changes to its buy-to-let (BTL) range, including cutting rates and adding a new product to its portfolio. Rate reductions by as much as 0.30% have been made on two-year fixes and 0.25% on five-year fixes. Three-year products have also been reduced by up to 0.15%. The lender has also made changes to its best buy product, which is a two-year fixed rate which starts at 5.24%, down from 5.54% at 60% LTV, and is suitable for house purchase. It comes with a £1,995 fee, free standard valuation and £500 cashback. Its five-year fixed rate now starts at 5.29% and 4.99% at 75% and 60% LTV respectively. The product is suitable for remortgage clients, and comes with a £995 fee, free standard valuation and free remortgage legal service.

Foundation Home Loans has announced a number of price reductions in its owner-occupied and BTL product ranges, alongside the launch of a new seven-year fixed-rate BTL product. Rates have been cut by up to 40 bps across two- and five-year fixed-rate mortgages for both its F1 and F2 ranges. For its BTL range, rates have been cut by 30 bps, with its selected BTL two-year special products being reduced by 25 bps, including a 5.74% product at 65% LTV in the F1 and 5.84% at 65% LTV in the F2 range. Five year BTL fixed-rates have also been cut by 25 bps, and are now available at 5.69% and 5.74% at 65% and 75% LTV. The lender’s new seven-year fixed rate BTL product is now available at 6.99% at 75% LTV and comes with a new 1% fee.

Vida has announced rate reductions to its BTL product range, with its five-year fixed rate at 75% LTV on their Vida 36 tier being dropped by up to 0.40%. For standard property types, initial rates now start at 5.39% and 5.79% with a 4% and 2% fee respectively. For HMO and MUB products, rates start at 5.54% and 5.94%, again with a 4% and 2% fee respectively. Reductions of 0.20% have been made to Vida’s five-year fixed BTL limited edition, with rates stating at 4.99% at 75% LTV on Vida 36, with HMO/MUB rates starting at 5.14%.

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