THE PROPERTY FILTER TAKE
Accord cut residential and BTL (buy-to-let) rates by up to 0.18% on 25 June 2026, with TSB reducing BTL rates by as much as 0.5% effective from 23 June 2026.
On a £150,000 BTL mortgage, moving from 4.87% to 4.78% saves around £11 per month - small in isolation, but it stacks up across a portfolio.
You may wish to speak to your broker about whether these new rates beat your current deal, especially if your fixed term ends in the next six months.
Accord reduced its residential and BTL (buy-to-let) fixed rates by up to 0.18% from 25 June 2026, according to Mortgage Solutions. TSB followed with cuts of up to 0.5% on BTL products from 23 June 2026, making it one of the sharper pricing moves seen this month.
What Accord Changed
Accord's cuts span both residential and BTL ranges. On the residential side, a fee-free two-year fix for remortgage at 90% LTV (loan-to-value) dropped from 5.51% to 5.33%, and a two-year fix at 85% LTV with a £495 fee moved from 5.12% to 4.99%, as reported by Mortgage Solutions on 24 June 2026.
For residential purchase, a fee-free two-year fix up to 75% LTV is now 4.94%, down from 5.07%.
On the BTL side, all fixed-rate products fell by 0.09%. A two-year fixed remortgage at up to 60% LTV with a £995 fee moved from 4.87% to 4.78%. For landlords buying a property, a fee-free two-year fix up to 75% LTV is now 5.23%, down from 5.32%. A five-year fix BTL remortgage at 75% LTV with a £3,495 fee was cut to 4.78%.
Run the numbers on a typical BTL property. Say you have a £200,000 property at 75% LTV - that is a £150,000 mortgage. At 4.87% on an interest-only basis, your monthly cost is £608.75. At the new rate of 4.78%, that drops to £597.50. That is a saving of £11.25 per month, or £135 a year per property. Across a five-property portfolio, that is £675 annually. Worth checking your current deal against these figures using a mortgage stress-test calculator before assuming your existing rate still holds up.
What TSB Changed
TSB's cuts hit harder on the BTL side. Reductions of up to 0.5% were applied to BTL and portfolio BTL products, including two-year fixed rates for purchase and remortgage at 60% to 75% LTV, as reported by Mortgage Finance Gazette on 23 June 2026.
On residential mortgages, TSB cut by up to 0.3%. That covers selected two-, three- and five-year fixed purchase deals up to 90% LTV, plus two-, three- and five-year fixed remortgages. Two-year fixed house purchase products dropped by 10 basis points, while three-year fixes up to 85% LTV were cut by up to 30 basis points.
Product transfers and additional borrowing ranges were also repriced. If you are an existing TSB customer approaching the end of a fixed term, it is worth asking your broker whether a product transfer now beats waiting for further movement. For a broader view of where to take your portfolio next, the negotiation and finance hub covers your options.
What This Means for Landlords
This is the second time Accord has cut BTL rates in June 2026, pointing to sustained downward pressure on pricing as lenders compete for broker business. TSB's 50 basis-point reduction on BTL products is among the larger single cuts from a mainstream lender this month.
If you are mid-application with either lender, check whether your agreed rate can be swapped to the new pricing before your offer letter is issued - your broker can confirm the lender's repricing policy. Those still weighing up strategy can explore the property investment strategies guide for context on how rate movements fit into longer-term portfolio decisions.
Key takeaways
Accord cut residential rates by up to 0.18% and BTL rates by 0.09%, effective 25 June 2026.
TSB cut residential mortgage rates by up to 0.3% and BTL rates by up to 0.5%, effective 23 June 2026.
On a £150,000 BTL mortgage, Accord's BTL cut saves around £11.25 per month on an interest-only basis.
Accord reduced its residential and BTL (buy-to-let) fixed rates by up to 0.18% from 25 June 2026, according to Mortgage Solutions. TSB followed with cuts of up to 0.5% on BTL products from 23 June 2026, making it one of the sharper pricing moves seen this month.
What Accord Changed
Accord's cuts span both residential and BTL ranges. On the residential side, a fee-free two-year fix for remortgage at 90% LTV (loan-to-value) dropped from 5.51% to 5.33%, and a two-year fix at 85% LTV with a £495 fee moved from 5.12% to 4.99%, as reported by Mortgage Solutions on 24 June 2026.
For residential purchase, a fee-free two-year fix up to 75% LTV is now 4.94%, down from 5.07%.
On the BTL side, all fixed-rate products fell by 0.09%. A two-year fixed remortgage at up to 60% LTV with a £995 fee moved from 4.87% to 4.78%. For landlords buying a property, a fee-free two-year fix up to 75% LTV is now 5.23%, down from 5.32%. A five-year fix BTL remortgage at 75% LTV with a £3,495 fee was cut to 4.78%.
Run the numbers on a typical BTL property. Say you have a £200,000 property at 75% LTV - that is a £150,000 mortgage. At 4.87% on an interest-only basis, your monthly cost is £608.75. At the new rate of 4.78%, that drops to £597.50. That is a saving of £11.25 per month, or £135 a year per property. Across a five-property portfolio, that is £675 annually. Worth checking your current deal against these figures using a mortgage stress-test calculator before assuming your existing rate still holds up.
What TSB Changed
TSB's cuts hit harder on the BTL side. Reductions of up to 0.5% were applied to BTL and portfolio BTL products, including two-year fixed rates for purchase and remortgage at 60% to 75% LTV, as reported by Mortgage Finance Gazette on 23 June 2026.
On residential mortgages, TSB cut by up to 0.3%. That covers selected two-, three- and five-year fixed purchase deals up to 90% LTV, plus two-, three- and five-year fixed remortgages. Two-year fixed house purchase products dropped by 10 basis points, while three-year fixes up to 85% LTV were cut by up to 30 basis points.
Product transfers and additional borrowing ranges were also repriced. If you are an existing TSB customer approaching the end of a fixed term, it is worth asking your broker whether a product transfer now beats waiting for further movement. For a broader view of where to take your portfolio next, the negotiation and finance hub covers your options.
What This Means for Landlords
This is the second time Accord has cut BTL rates in June 2026, pointing to sustained downward pressure on pricing as lenders compete for broker business. TSB's 50 basis-point reduction on BTL products is among the larger single cuts from a mainstream lender this month.
If you are mid-application with either lender, check whether your agreed rate can be swapped to the new pricing before your offer letter is issued - your broker can confirm the lender's repricing policy. Those still weighing up strategy can explore the property investment strategies guide for context on how rate movements fit into longer-term portfolio decisions.
Key takeaways
Accord cut residential rates by up to 0.18% and BTL rates by 0.09%, effective 25 June 2026.
TSB cut residential mortgage rates by up to 0.3% and BTL rates by up to 0.5%, effective 23 June 2026.
On a £150,000 BTL mortgage, Accord's BTL cut saves around £11.25 per month on an interest-only basis.
Frequently asked questions
Frequently asked questions
Who can access Accord's new BTL rates?
Does TSB lend to portfolio landlords?
Is now a good time to remortgage?
