Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Accord, Coventry BS and Foundation Reduce Buy-to-Let Mortgage Rates

Accord Mortgages, Coventry for Intermediaries, and Foundation Home Loans have announced reductions to their buy-to-let (BTL) mortgage rates. The changes affect a range of fixed-rate products and criteria, with new rates and terms coming into effect from July 2026.

Accord Mortgages has reduced rates across its BTL range by 0.08%. The cuts apply to all five-year fixed products up to 75% loan to value (LTV), effective from 9 July. Accord’s five-year fixed rate at 75% LTV has dropped from 4.95% to 4.87%, with a £995 fee and standard valuation. For remortgages at 75% LTV, the five-year fixed rate is now 4.9%, down from 4.98%, also with a £995 fee, standard valuation, and remortgage legal service. For house purchases at 60% LTV, the five-year fix is now 4.71%, down from 4.79%, with the same fee and valuation. There are no changes to Accord’s two- or three-year rates.

Coventry for Intermediaries has also made reductions across its owner-occupier, BTL, and limited company ranges. Its limited company BTL Energy Performance Certificate (EPC) five-year fixed rate at 75% LTV with no fee has been reduced by 11 basis points to 5.18%. The BTL purchase five-year fixed rate at 75% LTV with no fee has been cut by 8 basis points to 4.9%.

Foundation Home Loans has lowered BTL rates by up to 0.25%. The reductions include most standard house in multiple occupation (HMO) rates, all multi-unit freehold block (MUFB) rates, and all short-term and holiday let rates, with decreases of up to 0.25% and 0.2% respectively. Selected F1 BTL standard products, including ERC3 and remortgage-only options, have also been reduced by up to 0.25%. Additionally, Foundation has lowered its minimum BTL property value to £70,000, with a maximum LTV of 75% for properties valued between £70,000 and £75,000.

These changes may be relevant to letting agents and inventory clerks monitoring mortgage product shifts that could impact landlord clients and property transactions.