Accord Mortgages has announced a reduction in rates for both residential and buy-to-let (BTL) products, effective from 13 August 2026. This move is significant as it aims to provide better value for brokers and their clients, particularly in a competitive mortgage market.
TL;DR: Accord has cut rates on residential mortgages and BTL remortgages; borrowers and landlords can benefit from lower costs.
What Are the Key Changes in Residential Rates?
For fixed-rate residential products with a loan-to-value (LTV) of up to 75%, Accord has implemented reductions. Notably, house purchase deals above 80% LTV have seen cuts. For instance, the five-year fixed rate for house purchases at 85% LTV has been reduced, with a fee and free standard valuation.
Additionally, remortgage options above 80% LTV have also been reduced, making it more affordable for existing homeowners looking to refinance.
How Are Buy-to-Let Rates Affected?
In the BTL segment, Accord has lowered its two- and five-year remortgage products for LTVs up to 75%. The two-year fixed rate for remortgages at 60% LTV has decreased, while the five-year fixed rate for remortgages at 75% LTV has also been reduced. Both options come with a fee, free standard valuation, and remortgage legal work.
What This Means for the Mortgage Market
These rate cuts are particularly beneficial for first-time buyers and existing homeowners looking to remortgage, as they can secure lower monthly payments. For landlords, the reductions in BTL rates may encourage investment in rental properties, making it a more attractive market. Brokers should take note of these changes to better advise their clients on available options. For more insights, check our current mortgage rates.
Frequently asked questions
What types of mortgages did Accord reduce rates on?
Accord reduced rates on fixed-rate residential products and buy-to-let remortgages, with cuts depending on the product and LTV.
When do these new rates take effect?
The updated mortgage rates from Accord Mortgages are effective from 13 August 2026.