Mortgage News
Accord Mortgages lowers BTL rates
Accord Mortgages has cut rates in its buy-to-let range by as much as 0.24 per cent to offer “better value” to broker and landlord clients.
The changes have been made across all loan-to-value (LTV) tiers.
This includes a two-year fixed remortgage rate at 60 per cent LTV which has gone down from 4.77 per cent to 4.64 per cent.
It comes with a £1,995 completion fee, and the option of either free remortgage legal service or £250 cashback. Both product options come with free standard valuation.
Its two-year fixed purchase rate at 65 per cent LTV has been reduced from 4.94 per cent to 4.76 per cent. It is subject to a £1,995 fee, free standard valuation and £500 cashback.
The lender’s three-year fix at 75 per cent LTV is now priced at 4.96 per cent, down from 5.2 per cent.
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It comes with a £995 fee and free standard valuation. Remortgagers also have the option of either £250 cashback or free remortgage legal service; and for house purchasers, the product comes with £250 cashback.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re responding to market conditions to ensure our products remain as competitive as possible in a fast-changing environment.
“This new range has something to offer a wide variety of landlords, and with attractive offerings for both house purchasers and those remortgaging, we hope it will be well received, especially in the current climate, which has been very challenging for those in the private rental sector.”