Accord Cuts BTL Remortgage Rates by Up to 0.18%

Accord Mortgages has cut selected residential and buy-to-let (BTL) rates by up to 0.18%, with new products live from 13 August 2026 (Mortgage Solutions, 12 August 2026). The biggest movement is on BTL remortgage products - and that is where the portfolio opportunity sits.

Residential Rate Changes

Accord, the intermediary-only lender owned by Yorkshire Building Society, has reduced fixed residential rates up to 75% LTV (loan-to-value) by up to 0.10%. House purchase products above 80% LTV fall by up to 0.11%, and remortgage products above 80% LTV are down by up to 0.05%.

The headline residential product changes (The Intermediary, 12 August 2026):

• 2-year fixed purchase at 75% LTV: 5.05% down to 4.95% (£495 fee, free standard valuation)

• 5-year fixed purchase at 85% LTV: 5.02% down to 4.91% (£495 fee, free standard valuation)

• 5-year fixed remortgage at 65% LTV: 5.11% down to 5.01% (no fee, free standard valuation, free remortgage legal work)

From a portfolio perspective, the residential cuts matter most if you hold properties in your personal name or are refinancing a primary residence to release equity for further acquisitions. The 10bps cut at 75% LTV on a 2-year fix is useful, but the BTL side is the more significant story.

BTL Remortgage Cuts: The Numbers That Matter

Accord has trimmed its 2- and 5-year BTL remortgage products up to 75% LTV by up to 0.18% - the deepest cuts in this product refresh.

The headline BTL figures (The Intermediary, 12 August 2026):

• 5-year fixed remortgage at 75% LTV: 5.09% down to 4.91% (a drop of 18 basis points (bps))

• 2-year fixed remortgage at 75% LTV: 4.98% down to 4.85%

• 2-year fixed remortgage at 60% LTV: 4.95% down to 4.77%

All three BTL products carry a £995 fee, with free standard valuation and free remortgage legal work included.

Jeremy Duncombe, managing director for Accord Mortgages, said (The Intermediary, 12 August 2026): "We're delighted to share this latest reduction in selected residential and buy-to-let mortgage rates, in line with our ongoing commitment to offering our brokers and their clients the best value possible."

An 18bps reduction on a BTL remortgage is not trivial when you are working against a tight ICR (interest coverage ratio). Most BTL lenders stress-test affordability at 125% to 145% of the pay rate. A lower product rate means more properties clear that test on the same rental income. Before assuming these rates work for your numbers, check them against your rental income using the Property Filter BTL stress test calculator.

What This Means Over the Cycle

Accord operates exclusively through intermediaries. If you hold BTL products with end dates in the next three to six months, these rates are worth putting in front of your broker now. Do not wait until the renewal window. Miss the switch and you move to the SVR (standard variable rate), which is almost certainly more expensive.

Multiple lenders have refreshed BTL pricing through August 2026. That competition is worth using. A sound refinance and negotiation strategy means reviewing your portfolio against the current rate picture at each product cycle, not just when a deal expires.

For investors still shaping acquisition strategy, the Property Filter investment strategies guide sets out how BTL financing fits across different approaches. If you do not yet have a specialist BTL broker, Property Filter's free resources include a directory to help you find one.

Key takeaways

• Accord has cut BTL remortgage rates by up to 0.18%, with a 5-year fix at 75% LTV now at 4.91% (The Intermediary, 12 August 2026).

• Residential rates have also fallen, with a 2-year fixed purchase at 75% LTV now at 4.95%.

• All highlighted BTL remortgage products carry a £995 fee with free standard valuation and remortgage legal work.

• An 18bps rate reduction can change the ICR result on properties that were previously borderline at refinance.

• New rates went live at 8am on 13 August 2026 and are available through intermediaries only.