You are here: Home - News -

Accord amends BTL offer with new products, cashback and rate cuts

  • 18/05/2017
  • 0
Accord amends BTL offer with new products, cashback and rate cuts
Accord has made a series of enhancements to its buy-to-let product range – including new three-year fixed deals, extra cashback, rate cuts and removing some product fees.

Products have been launched for landlords purchasing and remortgaging.

A 2.78% rate three-year fix mortgage at 75% loan to value (LTV), with a £450 product fee and £300 cashback on completion is available for purchases.

Meanwhile a 2.46% three-year fix is available to remortgaging landlords with a 35% deposit, with a £1,995 product fee plus free standard valuation, free legal fees and £250 cashback on completion.

Accord also reduced rates on existing three-year options for purchase and remortgage by up to 0.23%.


Cashback and product fees

The intermediary arm of Yorkshire Building Society also added an extra £250 cashback for remortgaging landlords when they complete on selected products.

From 19 May landlords who opt for 65% and 75% LTV fixed rate mortgages will receive up to £550 cashback once their mortgage completes.

All 65% and 75% LTV remortgage options include the additional cashback of £250 on top of existing incentives.

The product fee on a number of two-year remortgage loans has also been removed.


Shift to remortgages

Accord buy to let commercial manager Chris Maggs said the market had seen a considerable shift from purchase to remortgage transactions.

“The changes impacting landlords’ personal taxation and the Stamp Duty Land Tax surcharge on second properties has slowed purchase activity with landlords focusing on re-financing to make their portfolios work for them.

“Our latest range of products aims to provide landlords with a helping hand when managing their portfolios.

“We constantly review our mortgages to offer the best fit for landlords, and we hope that this combination of benefits will really appeal to brokers and their clients looking for the best option to suit their individual buy-to-let requirements,” he added.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Direct non-advised product transfers undoing MMR – Sinclair

Mortgage lenders are undoing the good work of the Mortgage Market Review (MMR) by pursuing customers directly, according to the...