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 and TSB Announce Reductions to Residential and Buy-to-Let Mortgage Rates

Accord and TSB have both announced reductions to their residential and buy-to-let (BTL) mortgage rates. The changes affect a range of purchase and remortgage products, with new rates taking effect from 25 June 2026 for Accord.

Accord has reduced rates across its residential and BTL product ranges. The largest reduction is on a fee-free two-year fixed residential remortgage at 90% loan to value (LTV), which has been cut from 5.51% to 5.33%. At 85% LTV, the two-year fixed remortgage with a £495 fee has been reduced from 5.12% to 4.99%. Both products include a standard valuation and remortgage legal service.

For residential purchases, Accord now offers a fee-free two-year fixed rate up to 75% LTV, reduced from 5.07% to 4.94%. This product comes with a standard valuation and £300 cashback. On the BTL side, a two-year fixed remortgage up to 60% LTV with a £995 fee, standard valuation, and remortgage legal service has been reduced from 4.87% to 4.78%. A five-year fixed BTL remortgage at 75% LTV with a £3,495 fee has also been cut from 4.87% to 4.78%. Additionally, a fee-free two-year fixed BTL purchase product at 75% LTV with a standard valuation has been reduced from 5.32% to 5.23%.

TSB has also reduced rates across its residential, BTL, product transfer, and additional borrowing ranges. The lender has made reductions of up to 0.3% on selected residential mortgages, including two-, three-, and five-year fixed purchase deals up to 90% LTV, as well as two-, three-, and five-year fixed remortgages. For BTL and portfolio BTL products, pricing has been reduced by as much as 0.5% on selected purchase and remortgage rates. Additional borrowing and product transfer rates for both residential and BTL borrowers have been lowered by up to 0.15%.

These changes may be relevant to letting agents and inventory clerks monitoring mortgage market trends, as rate adjustments can impact landlord and investor activity in the UK property sector.