Accord Mortgages has announced a reduction in rates for both residential and buy-to-let (BTL) mortgage products, effective from 13 August 2026. This move is significant as it aims to provide better value for borrowers and landlords in a competitive mortgage market.
What are the new rates for residential mortgages?
For fixed-rate residential products with up to 75% LTV, Accord has implemented reductions. Notably, five-year fixed rates for house purchases at 85% LTV have decreased, which includes a fee and a free standard valuation. For remortgages at 65% LTV, the five-year fixed rate has also been lowered, with no fee and complimentary legal work.
How do the changes affect buy-to-let mortgages?
In its BTL offerings, Accord has reduced rates for two- and five-year remortgage products for loans up to 75% LTV. The two-year fixed rate for remortgages at 60% LTV has decreased, accompanied by a fee and free standard valuation. Additionally, the five-year fixed rate for remortgages at 75% LTV has also seen a reduction, with a fee and free legal work.
What this means for the mortgage market
These rate reductions are likely to make homeownership and investment in rental properties more accessible. Borrowers seeking to purchase homes or refinance existing mortgages at higher LTV ratios will find these changes particularly beneficial. Landlords can also take advantage of lower rates to improve cash flow on their investments.
Frequently asked questions
How do I know if these rates apply to me?
To determine if you qualify for these reduced rates, consult with a mortgage broker or lender to assess your financial situation and LTV ratio.
When will these new rates take effect?
The updated mortgage rates will be available starting from 13 August 2026.