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Clydesdale cuts residential rates and Accord adds buy-to-let products – round-up

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  • 05/08/2019
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Clydesdale cuts residential rates and Accord adds buy-to-let products – round-up
Clydesdale Bank has cut rates and introduced free valuations while Accord has revamped its buy-to-let range.

 

Clydesdale Bank Intermediaries has reduced rates across its two- and five-year mortgages while extending its free valuation incentive to include purchase applications on selected residential fee offer products.

From today the lender has cut rates on seven two-year fixes at 75 per cent or 80 per cent loan to value (LTV) and one five-year fix at 95 per cent LTV by up to 0.1 per cent.

In addition, eight residential products will benefit from a free valuation on purchase applications for a limited period, extending the offer which already applies to remortgage and unencumbered applications.

Fred Sharp, head of mortgage distribution, said: “We are delighted to announce these new rates. We hope these rates together with the offering of a free valuation for more of our customers will help a range of customers to either get onto the property ladder or move home.”

 

Accord Buy to Let 

Accord has launched two fee-free buy-to-let products to its range in a bid to benefit landlords looking for longer term fixes. 

For purchasing landlords, the fee-free five-year fix has a rate of 2.42 per cent at 60 per cent LTV and comes with £500 cashback and free valuation.  

For remortgaging clients, the five-year fixed rate at 2.57 per cent at 65 per cent LTV comes with £0 fee, £250 cashback, free valuation and free standard legals. 

Accord is also reducing rates on 29 products across the buy-to-let range including a two-year fixed rate mortgage for borrowers with a 25 per cent deposit to 1.99 per cent from 2.09 per cent.

This is available to both homebuyers and those remortgaging, and comes with a £950 fee, £500 cashback and free valuation. 

Landlords looking to remortgage have the choice of opting for the company’s reduced 75 per cent LTV five-year fix at a rate of 2.68 per cent, down from 2.82 per cent, which comes with a £0 product fee, £250 cashback, free standard legals and free valuation. 

Simon Garner, product manager at Accord Buy To Let, added: “Our fee-free products have proven popular with landlords looking to reduce upfront costs, so we are increasing our range, in addition to reducing rates on a wide range of two, three and five year products to provide even more options for those looking to start or extend a buy to let business.”

 

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